Carl Is an Accountant Who Helped Sireus,Inc

Multiple Choice

Carl is an accountant who helped Sireus,Inc.to evaluate and sell its securities.Mark,who purchased the securities,finds that they have been overvalued.Which of the following statements is true of this scenario?

A) Carl has violated Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 if he is guilty of ordinary negligence.
B) Mark can bring a civil private cause of action and seek monetary damages under Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934.
C) Mark cannot sue Carl as he is not in a privity of contract relationship with him.
D) Mark cannot sue Carl as Mark is only an incidental beneficiary of Carl's work.