Which of the Following Statements Is True of Rule 10b-5

Multiple Choice

Which of the following statements is true of Rule 10b-5?

A) Privity of contract is a necessity for bringing a lawsuit under this rule.
B) Civil private lawsuits are not permitted under this rule.
C) Only purchasers and sellers of securities can sue accountants under this rule.
D) Ordinary negligence imposes liability on the accountant under this rule.