Rule lOb-5

Rule lOb-5

An SEC rule that prohibits trading by insiders on material nonpublic information. This is also the rule under which a company may be sued for false or misleading disclosure.
References in periodicals archive ?
The Complaint alleges that defendants violated Sections 11 and 15 of the Securities Act of 1933; Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule lOb-5 promulgated thereunder; and Section 206 of the Investment Advisers Act of 1940.
However, the SEC's opinion, while technically addressing only brokers' behavior, was cast in terms of a general attack on insider trading under the SEC'S catchall antifraud rule, Rule lOb-5.
The CEO of a high-tech company that has been the target of 13 specious rule lob-5 suits calls these actions "legalized extortion" and their effects go far beyond the "payoffs" demanded.
Since the suspension, the SEC has filed a complaint against the Company alleging violations of Section 10(b) of the Securities Exchange Act of 1934 and Exchange Act Rule lOb-5.
The Complaint names Lycos and CEO Robert Davis as defendants, alleging that these parties violated Sections 10(b) and 20(a) of the Exchange Act, as well as SEC Rule lOb-5 promulgated thereunder, by originating a series of materially misleading statements and omissions concerning the Company's intentions to remain an "independent" entity.
predecessor of KPMG Peat Marwick) from a case alleging violations of section 10(b)-5 of the Securities Exchange Act of 1934, finding that rule lob-5 must be read flexibly, rather than not technically or restrictively.
The Complaint asserts claims under the federal securities laws, including claims for violation of Section 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule lOb-5 of the Securities Exchange Commission, by reason of issuance of certain material facts and omissions in statements concerning Mylan business practices, earnings and profitability that were contained in public press releases and filings with the SEC rendering these statements false and misleading.
Foremost is rule lob-5 under the Securities Exchange Act of 1934, which forbids a false statement of material fact or an omission of a necessary fact in connection with the purchase or sale of any security.
The Complaint names WAXS and certain of the Company's officers and directors as defendants, alleging that these parties violated Sections 10(b) and 20(a) of the Exchange Act, as well as SEC Rule lOb-5 promulgated thereunder, by originating a series of materially misleading statements and omissions concerning the Company's business prospects and financial condition.
and certain of its officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule lOb-5 promulgated thereunder.
The complaint charges YBM, auditors, Deloitte & Touche LLP, and Parente, Randolph, Orlando & Carey Associates and certain officers and/or directors of YBM with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 as well as Rule lOb-5 promulgated thereunder.
The Complaint alleges that defendants violated sections 10(b)(5), and Rule lOb-5 promulgated thereunder, and 20(a) of the Securities Exchange Act of 1934 (the "Act").