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Question
Alpha, Inc., files a suit against Bill, an accountant, under the antifraud provisions of the Securities Exchange Act of 1934 and Rule 10b-5 of the Securities and Exchange Commission. To succeed, Alpha must showa. neither that Alpha bought or sold a security nor that Bill acted with scienter.
b. only that Alpha bought or sold a security.
c. only that Bill acted with scienter.
d. that Alpha bought or sold a security and Bill acted with scienter.
Answer
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