Which of the following is false regarding common in federal Securities laws? A. A scienter is a specialist used in rule 10 6/5 investigations. Be. Rule 106 b - 5 of the Securities Exchange Act of 1934 is also known as the anti-fraud provision. C. ultramares Doctrine states that ordinary negligence is insufficient for liability to third parties because of the lack of privity of contract. D. The Security Act of 1933 Deals Only with reporting requirements for companies issuing new securities.