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Is There a Private Right of Action Under Section 10b-5

Question 123

Multiple Choice

Is there a private right of action under Section 10b-5 of the Securities Exchange act of 1934?


A) yes, the Act expressly provides for a private right of action
B) no, there is no such right under the Act
C) There is a private cause of action, but only if consent to sue is issued by the Securities and Exchange Commission.
D) There is no express private right of action, but courts have implied one.
E) yes, but only injunctions, not money damages, may be sought

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