Reliant Funds, 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 Funds must show that Saul

Question

Reliant Funds, 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 Funds must show that Saul​

Quizplus · Accepted Answer

To prevail in a lawsuit under Rule 10b-5 of the Securities and Exchange Commission, a plaintiff must prove that the defendant acted with scienter, or intent to deceive, manipulate, or defraud. The other answer choices are irrelevant to the plaintiff's case.