________ of the Securities Exchange Act of 1934 prohibits fraud associated with the purchase or sale of all securities.

Question

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One of the most important sections of the Securities Exchange Act of 1934 is Section 10(b),which prohibits the use of manipulative and deceptive devices to bypass Securities and Exchange Commission (SEC)rules.Within this section,subsection 5 prohibits fraud associated with the purchase or sale of all securities.Even though securities may be exempt from registration,they are still subject to Rule 10b-5.

________ of the Securities Exchange Act of 1934 Prohibits Fraud