Thursday, February 10, 2011 11:09:42 PM
about three fourths down the page.
http://en.wikipedia.org/wiki/Securities_Exchange_Act_of_1934
This is the pertinent part:
The breadth and utility of section 10(b) and Rule 10b-5 in the pursuit of securities litigation are significant. Rule 10b-5 has been employed to cover insider trading cases, but has also been used against companies for price fixing (artificially inflating or depressing stock prices through stock manipulation), bogus company sales to increase stock price, and even a company's failure to communicate relevant information to investors. Many plaintiffs in the securities litigation field plead violations of section 10(b) and Rule 10b-5 as a "catchall" allegation, in addition to violations of the more specific antifraud provisions in the '34 Act.
A wise man never plays leap-frog with a unicorn.
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