SEC Rule 10b-5 Holds It Illegal for Anyone Involved in Securities

question 262

Multiple Choice

SEC Rule 10b-5 holds it illegal for anyone involved in securities dealings to:

• A) employ any device, scheme, or artifice to defraud
• B) make any untrue statement of a material fact or to omit to state a material fact
• C) engage in any sale of property that would impose deceit upon any person
• D) employ any device, scheme, or artifice to defraud or make any untrue statement of a material fact or to omit to state a material fact
• E) employ any device, scheme, or artifice to defraud or make any untrue statement of a material fact or to omit to state a material fact or engage in any sale of property that would impose deceit upon any person

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Definitions:

Legislation

Laws and statutes that have been formally enacted by a legislative body, which govern the actions of individuals and organizations within the jurisdiction.

CRTC

The Canadian Radio-television and Telecommunications Commission, a governing body regulating broadcasting and telecommunications in Canada.

Licences

Official permissions granted by regulatory authorities allowing individuals or entities to engage in certain regulated activities.

Radio Station

A service that broadcasts audio content to the public or specific audiences via radio waves or digital transmissions.