Private parties can sue violators of Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 for rescission of a contract to buy securities.

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Private parties can sue violators of Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 for rescission of a contract to buy securities. This allows the buyer to recover the purchase price paid for the securities, as well as any related damages, caused by the fraud or misrepresentation committed by the seller.

Private Parties Can Sue Violators of Section 10(b) of the Securities