An Accountant's Liability Under the Section 10(b) and Rule 10b-5

question 32

True/False

An accountant's liability under the Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 re?quires privity of contract.

---

Definitions:

Chapter 13

A section of the U.S. Bankruptcy Code that allows individuals earning a regular income to develop a plan to repay all or part of their debts.

Domestic-support Obligations

Refers to legal responsibilities for providing financial support to a spouse, children, or other family members, typically arising from divorce or separation agreements.

Environmental Law

A branch of law that deals with the protection of the environment, including air and water quality, hazardous waste, and species protection.

Environmental Protection

Practices and policies aimed at preserving the natural environment and preventing degradation due to human activities or natural disasters.