Labels:book | reckoner | sky | tree | windowpane OCR: 35 11 promulgating Rule 10b-5 the: SEC. too. intended reach reckless conduct. The Court has observed that least one Flot two, of the Rule's three subsections are worded broadly enough extend even unintentional conduct. Hochtelder 425 I. Auromt SEC 446 680 696 (1980) To the extent Rule ambiguous, the Commission's position that the Rule ad dresses reckless conduct for both primary violations and aiding and abetting is entilled ta substantial weight. See Chevron InC NRDC 837 843 (1984) Chiareta States, 445 222 226-27 [086 The Legislative History af 10(b) Shows that Congress Intended t Prohibit Reckless Con- duct Reviewing the legislative history of s 10(b) the Hoch- telder Court found "an overall congressional intent to pre- vent 'manipulative and deccptive practices which ful fill no useful ...
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