Cathy is an accountant with Discount Retail Corporation. Efrem buys Discount Retail stock and loses money on the investment. To recover from Cathy under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, Efrem must prove

a. only the purchase and sale of a security.
b. fraud, reliance, materiality, and lack of knowledge about securities.
c. fraud, reliance, materiality, and incompetence.
d. fraud, reliance, materiality, causation, and scienter.


D

Business

You might also like to view...

An "incipient market" is a market that will emerge if a particular economic, demographic, political, or sociocultural trend continues in a country

Indicate whether the statement is true or false

Business

If a researcher wanted the respondent to simply answer a question with no additional information, he or she would likely use a(an):

A) unaided open-ended format B) aided open-ended format C) response probed format D) continuous response format E) categorical, close-ended format

Business

The traditional marketing mix is made up of these four main elements, known as the 4Ps:

a. People, Prospect, Presence, Pitch b. Process, Presentation, Perception, Profit c. Product, Price, Promotion, Place d. Package, Passion, Perspective, Personality

Business

Nielsen reports that the average U.S. home receives almost 200 TV channels, although most viewers watch only 5 to 10 of those channels.

Answer the following statement true (T) or false (F)

Business