78j it shall be unlawful for any person directly or 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. Executive branch employees judicial officers and judicial employees are not exempt from the insider trading prohibitions arising under the securities laws including section 10 b of the securities exchange act of 1934 15 u s c. The rule prohibits any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security.
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