One of the greatest sources of liability for auditors under the 1934 Act is Section 10(b)and the related Rule 10b-5, which states that it is unlawful for any person to defraud, make any untrue statement of a material fact, or engage in any act in connection with the purchase or sale of a security. Once a plaintiff has established that he or she can sue under Rule 10b-5, there are four elements that must be proven. List the four elements.

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The Answer of One of the greatest sources of liability for auditors under the 1934 Act is Section 10(b)and the related Rule 10b-5, which states that it is unlawful for any person to defraud, make any untrue statement of a material fact, or engage in any act in connection with the purchase or sale of a security. Once a plaintiff has established that he or she can sue under Rule 10b-5, there are four elements that must be proven. List the four elements.

One of the Greatest Sources of Liability for Auditors Under