Rule 10b-5 of the Securities and Exchange Act is an antifraud statute that, among many things, prohibits investor relations people from disseminating false information.

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Rule 10b-5, promulgated under the Securities Exchange Act of 1934, is a fundamental antifraud provision that makes it unlawful for any person to use or employ, in connection with the purchase or sale of any security, any manipulative or deceptive device or contrivance in contravention of SEC rules and regulations, including the dissemination of false or misleading information.

Rule 10b-5 of the Securities and Exchange Act Is an Antifraud