There Can Be No Private Action for Damages Under Rule

question 34

True/False

There can be no private action for damages under Rule 10b-5 in the absence of a charge that the defendant accountant intended to deceive, manipulate, or defraud.

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Definitions:

Triple Bottom Line

An accounting framework that goes beyond the traditional profit measure to include social and environmental dimensions.

Company Values

The core principles and beliefs that guide the behaviors, decision-making processes, and cultural environment of an organization.

Reinforce

The action of strengthening or supporting an idea, value, or physical structure to ensure its endurance or credibility.

CEO Activism

The actions and efforts of chief executive officers to publicly address and influence social, environmental, and political issues outside of their company's immediate business interests.