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All of the following are true regarding SEC Rule 10b-5 except: O a. 105-5 is the principal antifraud rule relating to the secondary distribution of

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All of the following are true regarding SEC Rule 10b-5 except: O a. 105-5 is the principal antifraud rule relating to the secondary distribution of securities O b. 105-5 applies to all securities, whether registered or not, as long as use is made of the mail, Interstate commerce, or a national stock exchange. c. 106-5 provides that a civil action for damages may be brought by any private investor who purchased or sold a security and was injured because of false, misleading, or undisclosed information O d. 106-5 does not require a plaintiff to show reliance on the misrepresentations

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