Marianne makes a false statement about the future earnings potential of her company, DexaCom. Shareholders sue Marianne for securities fraud. These shareholders can file their lawsuit pursuant to:
a. federal and state securities laws.
b. federal laws only, as states generally do not have securities antifraud provisions.
c. state laws only, as federal law generally does not have securities antifraud provisions.
d. neither federal nor state securities laws, but rather through administrative agency proceedings.
Ans: a. federal and state securities laws.
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