________ prohibits any manipulative or deceptive practice in connection with the purchase or sale of a security.

Question

Quizplus · Accepted Answer

Section 10(b) of the Securities Exchange Act of 1934, as well as Rule 10b-5, prohibit any manipulative or deceptive practice in connection with the purchase or sale of a security. This includes insider trading, fraudulent misrepresentations or omissions of material information, and other forms of securities fraud. Section 11(a) and Section 15 of the Securities Act of 1933 address different aspects of securities regulation and do not specifically prohibit manipulative or deceptive practices. The Private Securities Litigation Reform Act of 1995 primarily addresses procedural and evidentiary issues related to securities litigation.

________ Prohibits Any Manipulative or Deceptive Practice in Connection with the Purchase