The U.S.Supreme Court has made it clear that only persons who actually ________ can sue under Rule 10b-5.

Question

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The Supreme Court has held that only persons who purchase or sell securities can sue under Rule 10b-5. This requirement is known as the "transactional" or "purchase/sale" requirement. This means that individuals must have actually purchased or sold securities in order to have a valid claim under Rule 10b-5. Other factors such as using a national stock exchange or investing regularly in the market are not as relevant to this requirement.

The USSupreme Court Has Made It Clear That Only Persons Who