One of the most important purposes of Section 10(b)and Rule 10b-5 is to promote insider trading.

Name: One of the most important purposes of Section 10(b)and Rule 10b-5 is to promote insider trading.
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Section 10(b) and Rule 10b-5 were actually implemented to prevent insider trading, not promote it. These regulations make it illegal for insiders with non-public information to use that information to profit from trading in the securities of their company.

One of the Most Important Purposes of Section 10(b)and Rule