...state a material fact necessary in order to make the statements made, in light of the circumstances in which they were made, not misleading; or (c) to engage...any person, in connection with the purchase or sale of any security.47 An extensive body of case law analyzes various aspects of Section 10(b) and Rule...

...statements made, in the light of the circumstances under which they were made, not misleading, or (3) To engage in any act, practice, or course of business...any person, in connection with the purchase or sale of any security". Specific measures. Plaintiffs can also bring actions under provisions of the 1933...

...statements made, in the light of the circumstances under which they were made, not misleading, or • To engage in any act, practice, or course of business...any person, in connection with the purchase or sale of any security In Plain English, the above anti-fraud statute is just saying that it would be a really...

...the statements made, in the light of the circumstances under which they are made, not misleading, or to engage in any act, practice, or course of business...would operate as a fraud or deceit upon any person See? Whether somebody fits the definition of broker-dealer, is required to be registered, or is simply...

...the statements made, in the light of the circumstances under which they are made, not misleading, or to engage in any act, practice, or course of business...would operate as a fraud or deceit upon any person Now, let's translate the above back into a language you are probably more familiar with — English....

...Rule 1 0b-5 under the '34 Act, which prohibit engaging in a "course of business that operates or would operate as a fraud or deceit upon any person in connection with the purchase or sale of a security." Section 2 1 C of the '34 Act provides that a person is a "cause" of a violation by...

...Exchange Act, specifically makes it unlawful, in connection with the purchase or sale of any security: (a) to employ any device, scheme, or artifice to defraud;...would operate as a fraud or deceit upon any person. 186. The maximum penalty for many violations of environmental laws is $27,500 per day of violation....

...material fact, or the 'engagement 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.16 In this context, the characterisation of whether a director as being inside or outside...

...state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading, or (c)...any person, in connection with the purchase or sale of a security. Although Rule 10b-5 does not expressly speak to insider trading, the courts have relied...

...defraud, [or] . . . (c) To engage in any art, 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. 17 CFR § 240 10b-5. Under traditional insider trading theory, section 10(b) is violated...