A customer inherits 3,000,000 shares of ABC stock, a company listed on the NYSE which has 10,000,000 shares outstanding. The customer is not a director or officer of the company. Which of the following statements is (are) TRUE?I The customer is defined as an "insider" under the Securities Exchange Act of 1934II The customer is prohibited from selling ABC stock short; however, the customer may short against the box at year end, as long as the position is covered within 20 daysIII If the customer trades ABC stock at a profit after having held the stock for less than 6 months, the gain is forfeitedIV The customer must report trading activity to the SECA. I onlyB. II and IVC. I, II, IVD. I, II, III, IV