Which of the Following Is NOT a Requirement for a Rule

question 34

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.

---

Definitions:

Elastic

A characteristic of demand or supply where a change in price leads to a significant change in the quantity demanded or supplied.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a product or service to a change in its price.

Bread

A staple food made primarily of flour, water, and yeast or another leavening agent, baked into a variety of forms and eaten worldwide.

Total Expenditures

The aggregate amount of spending on goods and services in an economy over a specified period.