Which of the Following Is Not a Requirement for a Rule

question 24

Multiple Choice

Which of the following is not a requirement for a Rule 10b-5 violation?

• A) The defendant either used the mails, an instrumentality of interstate commerce, or a facility of a national securities exchange.
• B) The defendant made a statement that either misrepresented or omitted a fact of material importance.
• C) The misrepresentation or omission was made with scienter.
• D) The statement was made in connection with a public offering.

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Definitions:

SEC Filings

Documents that publicly traded companies are required to submit to the U.S. Securities and Exchange Commission, providing comprehensive details about the company's financial performance and operations.

Revenue Recognition

An accounting principle that determines the specific conditions under which income becomes recognized as revenue.

IASB

The International Accounting Standards Board, which is responsible for developing and issuing International Financial Reporting Standards (IFRS) used in many parts of the world.

IFRS Reporting

Stands for International Financial Reporting Standards, a set of accounting standards that provide guidance on how financial transactions and other accounting events should be reported in financial statements.