Section 10 B Of The Securities Exchange Act Of 1934

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.

Section 10 b of the securities exchange act of 1934. Section 4d additional duties of inspector general. Securities exchange act of 1934. The securities and exchange act of 1934 created the sec and section 10b of the act gave the sec the power to enact rules against manipulative and deceptive practices in securities trading.

78j b and rule 10b 5 thereunder. Form 10 shall be used for registration pursuant to section 12 b or g of the securities exchange act of 1934 of classes of s ecurities of issuers for which no other form is prescribed. Necessity for regulation as provided in this title.

Two related rules rule10b5 1 and rule10b5 2 were issued in 2000 in order to. 112 158 approvedaugust10 2012 table of contents titlei regulation ofsecuritiesexchanges. Section 4a delegation of functions by commission.

Section 4c appearance and practice before the commission. Rule 10b 5 enacted in 1934 by the securities and exchange commission sec is a rule targeting securities fraud. Section 4b transfer of functions with respect to assignment of personnel to chairman.

Application of general rules and regulations. Section 10 manipulative and deceptive devices. Rule as to use of form 10.

The rule prohibits any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security. The exchange act also allows investors to sue market participants who have defrauded them. 78j is the primary anti fraud statutory provision.