The Key to Liability Under Section 10(b)of the Securities Exchange

question 72

True/False

The key to liability under Section 10(b)of the Securities Exchange Act of 1934 and SEC Rule 10b-5 is whether information omitted or misrepresented in connection with the purchase or sale of a security is material .

---

Definitions:

Zero Population Growth

No growth in population size.

Births Equals Deaths

A demographic state where the number of births in a population is equal to the number of deaths, resulting in zero population growth.

Demographic Transition

The transition from high birth and death rates to lower birth and death rates as a country or region develops from a pre-industrial to an industrialized economic system.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various methods such as teaching, training, storytelling, discussion, and directed research.