Ordinary negligence by an accountant is not a violation of Section 10(b) and Rule 10b-5.

Name: Ordinary negligence by an accountant is not a violation of Section 10(b) and Rule 10b-5.
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Quizplus · Accepted Answer

Section 10(b) and Rule 10b-5 only apply to cases of fraud, intentional misconduct, or reckless behavior by an accountant. Ordinary negligence, while potentially a breach of ethical or professional standards, does not reach the level of intentional or reckless behavior required to violate these securities laws.

Ordinary Negligence by an Accountant Is Not a Violation of Section