Reliant Inc. files a suit against Saul, an accountant, under the antifraud provisions of the Securities Exchange Act of 1934 and Rule 10b-5 of the Securities and Exchange Commission. To succeed, Reliant must show that Saul

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To succeed in a suit under the antifraud provisions of the Securities Exchange Act of 1934 and Rule 10b-5, Reliant must show that Saul acted with scienter, which means with a wrongful state of mind, including intent to deceive, manipulate, or defraud.