Question

Bertha is an accountant with Chocolate Shoppes Corporation. Doral buys Chocolate stock and loses money on the investment. To recover from Bertha under Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 of the Se­curities and Exchange Commission, Doral must prove
a. nothing.
b. scienter, fraud, and reliance only.
c. scienter, fraud, reliance, and materiality only.
d. scienter, fraud, reliance, materiality, and causation.

Answer

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