Which of the Following Is NOT a Requirement for a Rule

question 34

Multiple Choice

Which of the following is NOT a requirement for a Rule 10b-5 violation?

• A) The defendant either used the mails,an instrumentality of interstate commerce,or a facility of a national securities exchange.
• B) The defendant made a statement that either misrepresented or omitted a fact of material importance.
• C) The misrepresentation or omission was made with scienter.
• D) The statement was made in connection with a public offering.

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Definitions:

Amortisation

The systematic allocation of the depreciable amount of an intangible asset over its useful life.

Impairment

A reduction in the recoverable value of an asset below its carrying amount on the balance sheet, leading to a write-down of its value.

Intangible Assets

Non-physical assets owned by a business that have a useful life, such as patents, trademarks, and copyrights.

Capitalised

Expenses or costs that are added to the cost basis of a fixed asset on a company's balance sheet, rather than being expensed immediately.