All of the Following Are True Regarding SEC Rule 10b-5

All of the following are true regarding SEC Rule 10b-5 except: ______.

A) 10b-5 is the principal antifraud rule relating to the secondary distribution of securities.
B) 10b-5 provides that a civil action for damages may be brought by any private investor who purchased or sold a security and was injured because of false, misleading, or undisclosed information.
C) 10b-5 applies to all securities, whether registered or not, as long as use is made of the mail, interstate commerce, or a national stock exchange.
D) 10b-5 does not require a plaintiff to show reliance on the misrepresentations.