Rule 10b-5 Does Not Result in Any Private Rights of Action

question 50

True/False

Rule 10b-5 does not result in any private rights of action.

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Definitions:

Accounts Payable

An obligation that a company has to pay off short-term debts to its vendors or service providers for purchases made on credit.

Chart of Accounts

An organized classification of all financial accounts in a business's accounting system, facilitating the recording of transactions and financial reporting.

Dividends

Payments made by a corporation to its shareholder members from its profits.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing the ownership interest of the stockholders.