For criminal sanctions to be imposed under Section 10(b)of the Securities Exchange Act of 1934 and SEC Rule 10b-5,scienter must not exist.

Name: For criminal sanctions to be imposed under Section 10(b)of the Securities Exchange Act of 1934 and SEC Rule 10b-5,scienter must not exist.
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Question

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Criminal sanctions under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 do require that the defendant acted with scienter, or a knowing and intentional violation of the law.

For Criminal Sanctions to Be Imposed Under Section 10(b)of the Securities