...Only Rules 10b-5 (a) and (c) are at issue here. Rule : Ob-5 (b) provides that it shall be unlawful "[t]o make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not...

...public Interest or for the protection of Investors." Rule X-10B-5 provides : "It shall be unlawful for any person, directly or indirectly, by the use...circumstances under which they were made, not misleading, or "(3) to engage In any act, practice, or course of business which operates or would operate as a fraud...

...directly or indirectly — 1508—37 2 (1) To employ any device, scheme, or artifice to defraud, or (2) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statement made, in light of the circumstances under which they are made, not misleading....

...interstate commerce, directly or indirectly — (1) To employ any device, scheme, or artifice to defraud, or (2) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statement made, in light of the circumstances under which they are made, not misleading....

...indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails, or of any facility of any national securities exchange,...circumstances under which they were made, not misleading, or (3) to engage in any act, practice, or course of business which operates or would operate as a fraud...

...indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails, or of any facility of any national securities exchange....circumstances under which they were made, not misleading, or "(3) to engage in any act, practice, or course of business which operates or would operate as a fraud...

...indirectly, by the use of any mean* or Instrumentality of interstate commerce, or of tbe malls, . . . (1) to employ any device, scheme, or artifice to defraud,...circumstances under which they were made, not misleading, or (S) to engage In any act, practice, or course of business which operates or would operate as a fraud...

...Indirectly, by the use of any means or Instrumentality of Interstate commerce, or of the malls, . . . (1) to employ any device, scheme, or artifice to defraud,...of a material fact or to omit to state a material The order for hearing raises two principal questions : (a) Whether in the period from October 14, 1943,...

...indirectly, by the use of any means or instnunentallty of Interstate commerce, or of the mails, or of any facility of any national securities exchange, "(1) to employ any device, scheme, or artifice to defraud, "(21 to make any untrue statement of a material fact or to omit to state a material fact...

...person, directly or indirectly, of any means or instrumentality of interstate commerce, mails, or of any facility of any national securities exchange, (1) to employ any device, s"1 ~tifice to defraud, 2 = EXEMPTION OF CERTAIN SECURITIES FROM SECTION 11 (d) (1) Rule X-11D1-1....