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 .

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Definitions:

Violence

Behavior involving physical force intended to hurt, damage, or kill someone or something.

Honest Communication

The process of openly and sincerely exchanging thoughts, messages, or information, especially in sensitive or critical situations.

Crying

The shedding of tears or welling of tears in the eyes in response to an emotional state, pain, or a physical irritation of the eye.

Normal Behavior

Actions or reactions that are considered typical or expected within a given social or cultural context.