Glossary

	Executive Ethics Subcomponent Folders
Examples of Corporate Code of Ethics View FoldersCODE OF ETHICS AND BUSINESS CONDUCT FOR EMPLOYEES, OFFICERS AND DIRECTORS 2003 Island Pacific Inc CODE OF ETHICS AND CONDUCT Crested Corp 2003CODE OF ETHICS FOR SENIOR FINANCIAL OFFICERS 2004 Emerson Radio CorpCode of Ethics MAIR Holdings Inc For Principal Executive Officer and Principal Financial Officer 2004CODE OF ETHICS Sound Federal Bancorp Inc for Chief Executive Officer and Chief Financial Officer 2004CODE OF ETHICS TeamStaff Inc 2003 IBM Corporate Governance Code of ConductPriceline.com Corporate Code of Conduct and Ethics   Glossary View FoldersRule 10b-5Section 10(b) Violation   Recommended Reading View FoldersCorporate Ethics and AccountabilityExecuCite BookshelfRestoring Trust: Report by Richard Breeden On Corporate Governance   SEC Digest: Enforcement Actions View FoldersIn The Matter of George Wulf, Former Chairman And CEO Wulf International In The Matter Of Kenneth Livesay, CPASEC Administrative Enforcement Action Against General Electric: Welch CompensationSEC Enforcement Action Against Dr. Norman Payson Former CEO Chairman of Oxford HealthSEC Enforcement Action Against Former CEO of Competitive Technologies Inc for Fraudulent Stock ManipulationSEC Enforcement Action Against Former Medical Director of Gliatech, Inc For Insider TradingSEC Enforcement Action Against Four Insiders For Insider Trading On Dean Foods Suiza Foods MergerSEC Enforcement Action Against Scott Anixter, Former Chairman Of Anicom, Inc.SEC Enforcement Action Against Vaso Active Pharmaceuticals And John Masiz CEOSEC Enforcement Action Bristol-Myers Squibb Co. Agrees to Pay $150 Million to Settle Civil Fraud ActionSEC Enforcement Action: Commission Settles Fraud Charges Against Kenneth Rice Former CEO Enron Broadband ServicesSEC Enforcement Action Final Judgment Entered Against Bristol-Myers Squibb CompanySEC Files Cease And Desist Order Against Charter Communications Inc.SEC Files Injunction Against Former Officers Of IBP, Inc. SubsidiarySEC Issues Cease And Desist Order Against Halliburton Co. And Its Former CFOSEC Obtains Jury Verdict In Scholastic Corp. Insider Trading CaseSEC Settles Enforcement Action Against CoPresident of Gemstar/TV Guide

Rule 10b-5

Securities Exchange Commission Rule 10b-5, promulgated pursuant to § 10(b), forbids the making of "any untrue statement of material fact" in connection with the purchase or sale of securities. 17 C.F.R. § 240.10b-5. The rule requires a purchase or sale of a security as a predicate to an action.

Section 10(b) Violation

Section 10(b) of the Securities Exchange Act of 1934 prohibits the use of "any manipulative or deceptive" scheme "in connection with the purchase or sale of any security". 15 U.S.C. § 78j(b). Violation requires a purchase or sale of a security as a predicate to an action.