The requirement that the defendant in a 10b-5 action have used interstate commerce,the mails,or a national securities exchange gives Congress the power to regulate the defendant's conduct under:

Question

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The requirement that the defendant in a 10b-5 action have used interstate commerce, the mails, or a national securities exchange invokes the Commerce Clause of the U.S. Constitution, which grants Congress the power to regulate commerce among the states. This is because the use of such channels affects interstate commerce and therefore can be regulated by Congress.

The Requirement That the Defendant in a 10b-5 Action Have