Only Purchasers and Sellers of Securities Can Sue Under Section

question 79

True/False

Only purchasers and sellers of securities can sue under Section 10(b) and Rule 10b-5.

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Definitions:

Breach of Contract

Occurs when one party fails to fulfill their duties or obligations as per the terms of a contract, potentially leading to legal action for damages or enforcement.

Legal Contract

An agreement creating obligations enforceable by law.

Minor Children

Individuals under the age of majority, typically under 18, not having the full legal rights of adults.

Void

Having no legal force or effect; null and totally ineffective.