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The USSupreme Court Has Ruled That Fraud Claims Under Section 10(b)and

Question 30

Multiple Choice

The U.S.Supreme Court has ruled that fraud claims under Section 10(b) and Rule 10b-5 must be brought:

A) within one year after discovery of the facts constituting the violation and not more than three years after the violation has occurred.
B) within three years after discovery of the facts constituting the violation and not more than five years after the violation has occurred.
C) within five years after discovery of the facts constituting the violation and not more than ten years after the violation has occurred.
D) within two years after discovery of the facts constituting the violation and not more than ten years after the violation has occurred.

Correct Answer: