Is there a private right of action under Section 10b-5 of the Securities Exchange Act of 1934?
A) Yes; the Act expressly provides one.
B) No; there is not such a right under the Act.
C) There is a private cause of action,but only if consent to sue is received from the SEC.
D) There is no express private right of action,but courts have implied one.
Correct Answer:
Verified
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