Rule 10b-5
- A regulation enacted by the Securities and Exchange Commission under the Securities Exchange Act, which broadly prohibits fraudulent behaviors, dishonest practices, false statements, and manipulative techniques in securities transactions
- The company faced severe penalties for violating Rule 10b-5 through false representations in their annual report.
- The alleged malpractice that led to shareholder losses potentially contravenes Rule 10b-5 requirements on securities dealing.
- Inaccurate projections on their future performance were issued by the corporation, a possible infraction of Rule 10b-5.
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