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A Defense to a Civil Action Brought Under Section 10(b)and

Question 25

Multiple Choice

A defense to a civil action brought under Section 10(b) and Rule 10b-5 of the 1934 Act would be that the:


A) statute of frauds was not observed.
B) seller of the securities was not in privity of contract with the plaintiffs.
C) sellers did not intentionally make a false representation.
D) All of the above.

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