Private Parties Cannot Sue Violators of Section 10(b) and Rule

question 80

True/False

Private parties cannot sue violators of Section 10(b) and Rule 10b-5.

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Definitions:

U.S. Supreme Court

The highest court in the United States, with ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

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Specific principles or clauses within a constitution that outline the structure of government, rights, and obligations.

Article V

Article V typically references a specific section within a larger document, such as a constitution or treaty, detailing procedures like amendment processes.

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