Ask Question
25 December, 00:16

To recover damages under section 10 (b) of the securities exchange act and the corresponding sec rule 10b-5, a buyer or seller of a security must prove:

+5
Answers (1)
  1. 25 December, 01:05
    0
    For action brought under Section 10 (b)

    1.) There was a material misrepresentation or omission

    2.) The plaintiff suffered damages

    3.) The plaintiff relied on the fraudulent statement and

    4.) existence of scienter

    Both 10 (b) and 10b-5 cover registered and unregistered securities, and not just original issuances.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “To recover damages under section 10 (b) of the securities exchange act and the corresponding sec rule 10b-5, a buyer or seller of a ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers