Statements (21)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
securities regulation
|
| gptkbp:appliesTo |
private securities transactions
publicly traded securities |
| gptkbp:basisFor |
SEC enforcement actions
private securities fraud litigation |
| gptkbp:codifiedIn |
gptkb:17_CFR_§_240.10b-5
|
| gptkbp:dateEnacted |
gptkb:Securities_Exchange_Act_of_1934
1942 |
| gptkbp:enactedBy |
gptkb:U.S._Securities_and_Exchange_Commission
|
| https://www.w3.org/2000/01/rdf-schema#label |
Rule 10b-5
|
| gptkbp:interpretedBy |
gptkb:U.S._Supreme_Court
|
| gptkbp:language |
It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange, (a) to employ any device, scheme, or artifice to defraud, (b) to make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or (c) to engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security.
|
| gptkbp:notableCase |
gptkb:Basic_Inc._v._Levinson
gptkb:Blue_Chip_Stamps_v._Manor_Drug_Stores gptkb:Ernst_&_Ernst_v._Hochfelder |
| gptkbp:prohibits |
fraud in connection with the purchase or sale of securities
misstatements of material fact omissions of material fact |
| gptkbp:requires |
scienter (intent to deceive)
|
| gptkbp:bfsParent |
gptkb:Exchange_Act
|
| gptkbp:bfsLayer |
5
|