ɪnðə juːnˈaɪɾᵻd stˈeɪts, tə pɹɪvˈeɪl ɪn ɐ sᵻkjˈʊɹɹᵻɾiz fɹˈɔːd klˈeɪm ˌʌndɚ sˈɛkʃən tˈɛn bˈiː ʌvðə sᵻkjˈʊɹɹᵻɾiz ɛkstʃˈeɪndʒ ˈækt ʌv nˈaɪntiːnhˈʌndɹɪd θˈɜːɾi fˈoːɹ, ɐ plˈeɪntɪf mˈʌst ɐlˈɛdʒ ænd pɹˈuːv ðætðə dᵻfˈɛndənt ˈæktᵻd wɪð sˈaɪəntɚ.
In the United States, to prevail in a securities fraud claim under Section 10(b) of the Securities Exchange Act of 1934, a plaintiff must allege and prove that the defendant acted with scienter.