Section 10(b)and Rule 10b-5 are usually referred to as the ______ provisions of the 1934 Act.
A) civil
B) discretionary
C) general duties
D) antifraud
E) rulemaking

Question

Quizplus · Accepted Answer

Section 10(b) and Rule 10b-5 are usually referred to as the antifraud provisions of the 1934 Act. A plaintiff seeking damages under the provisions must establish the existence of a material misrepresentation or omission made in connection with the purchase or sale of a security and the culpable state of mind of the defendant.

Section 10(b)and Rule 10b-5 Are Usually Referred to as the ______