Rule 10b-5: Insurance Policy for Investors or Assurance Policy for Corporations
46 Pages Posted: 7 Jul 2010
Date Written: July 6, 2010
Rule 10b-5 is one of the most important rules promulgated by the US Securities & Exchange Commission, pursuant to its authority granted under the Securities Exchange Act of 1934. Under Rule 10b-5, are investors better off after the holdings of Dura Pharmaceuticals, Inc. v. Broudo, or is it shielding corporations instead of providing protection to investors from misrepresentations of defrauding corporations.
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