Which of the Following Was the Result in SEC V

Multiple Choice

Which of the following was the result in SEC v.Texas Gulf Sulphur Co.,the case in the text involving whether a press release giving a misleading impression about the results of a drilling operation violated Rule 10b-5?

A) That the company acted only in response to rumors and had no obligation to set forth additional facts regarding the drilling operation, thereby negating any basis for Rule 10b-5 liability.
B) That the company violated Rule 10b-5 by issuing the misleading press release.
C) That a press release standing alone may not violate Rule 10b-5 and that the company could not be held liable because it made no actionable statements outside the press release.
D) That the company could be held liable under Rule 10b-5 but only because it issued other statements in addition to the press release.