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Term of the Day: Rule 10b-5
Rule 10b-5 n[10b-5 from the section of the Securities Exchange Act of 1934 pursuant to which the rule was formulated]
: a rule adopted by the Securities and Exchange Commission in furtherance of the Securities Exchange Act that outlaws fraud, deceit, misrepresentation, and manipulation in securities dealing in broad terms
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.
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