Reliant Funds, Inc, files a suit against Saul, an accountant, under the anti fraud provisions of the Securities Exchange Act of 1934 and Rule 10b-5 of the Securities and Exchange Commission. To succeed, Reliant Funds must show that Saul
A) acted with scienter

B) bought or sold a security.
C) is incompetent.
D) knows nothing about securities.


A

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

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Federal administrative agencies are charged with all but which of the following?

A) National security B) Labor relations C) Securities markets D) All of these are regulated by federal administrative agencies.

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Indicate whether the statement is true or false

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