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SECTION 18501 18510  Form

SECTION 18501 18510 Form

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well what is a section 10B or rule 10 B5 uh calls of action under the 34 act well uh section 10 is the statutory authorization uh for this civil action and then uh rule 10 B5 is the procedural uh method for uh bringing the cause of action but it generally protects a sh uh a uh purchaser of shares um from fraudulent activity um by company so if a company uh uses any method means or artifice scheme Etc to perpetuate fraud or intentionally omits material information or misstates information uh to the public then again uh they can be subject to liability under Section 10 B5 it allows for private causes of actions as well as actions uh by the SEC so generally uh the elements for cause of actions have to demonstrate that uh there was uh some level of Deceit uh with intent to defraud uh or some material uh misstatement or emission of material information that the purchaser of Securities relied on that information and uh that they suffered damages because of it and if you can uh show all of th

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