According to Section 10(b)and Rule 10b-5 of the Securities Exchange

question 3

Multiple Choice

According to Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934,which of the following constitute(s) a material omission or misrepresentation during a securities transaction?

• A)A change in the status of litigation against the company.
• B)A change in dividends.
• C)A new product,process,or discovery.
• D)A change in the status of litigation against the company; a change in dividends; or a new product,process,or discovery.
• E)A change in the status of litigation against the company or a change in dividends,but not a new product,process or discovery.

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Definitions:

Equitable Remedies

Remedies granted by courts in cases where monetary damages are insufficient, often involving actions like injunctions or specific performance.

England

A country that is part of the United Kingdom, known for its rich history, cultural contributions, and legal system.

Novation

The act of replacing one party in a contract with a new party, or replacing an old contract with a new contract, with the agreement of all parties involved.

Substituted Contract

An agreement made to replace an existing contract, involving the mutual consent of all parties to change the terms or parties involved.