Rule 10b-5 of the Securities Exchange Act of 1934 is the most frequently employed statute in securities litigation against auditors of public company clients. Base on court rulings since the U.S. Supreme Court decision in Ernst $ Ernst v. Hochfelder, what is necessary for audiotrs to be found guilty under this section of the Act?

Answer rating: 100% (QA)

Rule 10b5 of the Securities and Exchange Act of 1934 specifically has to do the antifraud provisions ... View the full answer