________ is a provision of the Securities Exchange Act of 1934 that prohibits the use of manipulative and deceptive devices in the purchase or sale of securities in contravention of the rules and regulations prescribed by the SEC.

Question

Quizplus · Accepted Answer

Section 10(b) of the Securities Exchange Act of 1934 is known as the anti-fraud provision. It prohibits the use of any manipulative or deceptive devices in connection with the purchase or sale of securities. This provision empowers the SEC to promulgate rules that prohibit and enforce its mandate to prevent fraudulent security transactions.

________ Is a Provision of the Securities Exchange Act of 1934