Anne operated a clothing store called Anne's Rags, Inc. She owned all of the stock in the company. After several years in the clothing business, Anne sold her stock to Louise, who personally managed the business.Is the sale governed by the antifraud provisions of federal securities law? Does Rule 10b-5 of the Securities Exchange Act of 1934 apply? Why? Is Louise somehow protected? If so, how? If not, should she be?*