Rule 10b-5 does not result in any private rights of action.

Name: Rule 10b-5 does not result in any private rights of action.
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Rule 10b-5 does provide a private right of action for individuals who believe they have been harmed by securities fraud or deceptive practices in violation of the rule. This private right of action allows individuals to bring civil lawsuits against those who have violated the rule.

Rule 10b-5 Does Not Result in Any Private Rights of Action