The SEC's antifraud Rule 10b-5 prohibits trading on the basis of inside information of a business corporation's stock by
A. Officers and directors only.
B. Officers, directors, and shareholders only.
C. Officers, directors, and beneficial holders of 10% of the corporation's stock.
D. Anyone who bases his or her trading activities on the inside information.
Answer: D. Anyone who bases his or her trading activities on the inside information.
Business
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A prospectus is a written disclosure provided with the registration statement that helps the SEC to evaluate the financial risk of an investment
Indicate whether the statement is true or false
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