Courts have implied a private right of action for violation of Section 10(b)and Rule 10b-5.

Question

Quizplus · Accepted Answer

Courts have consistently recognized a private right of action for violation of Section 10(b) and Rule 10b-5, which prohibits fraud and deceit in connection with the purchase or sale of securities. This allows individuals and entities to sue for damages or seek other legal remedies if they have been harmed by securities fraud.

Courts Have Implied a Private Right of Action for Violation