Is There a Private Right of Action Under Section 10b-5

question 54

Multiple Choice

Is there a private right of action under Section 10b-5 of the Securities Exchange Act of 1934?

• A) Yes; the Act expressly provides one.
• B) No; there is not such a right under the Act.
• C) There is a private cause of action,but only if consent to sue is received from the SEC.
• D) There is no express private right of action,but courts have implied one.

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Definitions:

Participant Action Research

A methodology in social research where researchers actively engage and collaborate with participants in the research process to effect change.

Recommendations

Suggestions or proposals offered with the aim of advising or guiding actions and decisions.

Trained Researchers

Individuals who have undergone specific training to conduct scholarly or scientific investigations in a methodical and systematic manner.

Theoretical Framework

A structure of assumptions, principles, and rules that holds together the ideas comprising a broad concept, guiding research by providing a context for understanding findings.