Courts Have Implied a Private Right of Action for Violation

question 129

True/False

Courts have implied a private right of action for violation of Section 10(b)and Rule 10b-5.

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Definitions:

Tax Rebate

A refund to taxpayers when the amount of taxes paid is greater than the amount of tax owed.

Consume

To consume means to use up goods or services for personal needs or interests, playing a role in the economy through the demand for products and services.

Discretionary Fiscal Policy

Government policy actions, like changing tax rates and spending levels, aimed at influencing economic activity based on current conditions.

Legislative Decision-Making

The process by which elected representatives create, modify, or repeal laws within a governmental legislative body.