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US-CA11 · jury_instructions

11th Cir. Pattern Jury Instr. (Civil) 6.4

Securities Exchange Act – 15 USC § 78j(b) – Rule 10b-5(c) –

activein force · 2025-12-01 – presentact-effective-date

17 C.F.R. § 240.10b-5(c) – Fraudulent Practice or Course of Dealing

[Name of plaintiff/The Securities and Exchange Commission, also known as

the SEC] asserts a claim under the Securities Exchange Act of 1934.

The Securities Exchange Act is a federal statute that allows [the Securities

and Exchange Commission, also known as the SEC/the SEC], to enact rules and

regulations prohibiting certain conduct in the purchase or sale of securities. Rule

10b-5(c) makes it unlawful for a person to engage in any practice or course of

dealing that would operate as a fraud in connection with the purchase or sale of any

security.

A “security” is an investment in a commercial, financial, or other business

enterprise with the expectation that profits or other gain will be produced by

others. Some common types of securities are [stocks,] [bonds,] [debentures,]

[warrants,] [and] [investment contracts]. [The [describe type of security] in this

case is a security.]

A person who claims that someone violated Rule 10b- 5(c) may bring a civil

action for damages [he/she/it] suffered as a result of the violation. [The SEC may

bring a civil action because of the Rule 10b-5(c) violation claimed.]

To prove a claim under Rule 10b- 5(c), [name of plaintiff/the SEC] must

prove each of the following facts by a preponderance of the evidence:

2

5.13

Provenance

Source
ca11.uscourts.gov
Retrieved
2026-08-20
Edition
civil-2025-12
Content hash
75365d2b4b0187f633567bea4a1f079f29e86ad47f1b7535762e26e429e6f562
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