Longhaul Freight, Inc., files a suit against Midge, an accountant, under the antifraud provisions of the Securities Exchange Act of 1934 and Rule 10b-5 of the Securities and Exchange Commission. To succeed, Longhaul must show that Midge
A. acted with scienter.
B. bought or sold a security.
C. is incompetent.
D. knows nothing about securities.
Answer: A
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