The rule that prohibits schemes and devices to defraud investors is Rule:
A) 504
B) 144
C) 10b-5
D) 16(b)

Question

Quizplus · Accepted Answer

Rule 10b-5, promulgated under the Securities Exchange Act of 1934, prohibits fraudulent schemes, including making any untrue statement of a material fact or omitting to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or engaging in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security.

The Rule That Prohibits Schemes and Devices to Defraud Investors