Fraud in the context of a tender offer is a serious matter independently covered by Rule 14e-3 of the [[Securities and Exchange Commission]], based on [[federal securities law]], and especially the Securities Exchange Act of 1934, which grants special authority governing tender offers in Section 14. | Fraud in the context of a tender offer is a serious matter independently covered by Rule 14e-3 of the [[Securities and Exchange Commission]], based on [[federal securities law]], and especially the Securities Exchange Act of 1934, which grants special authority governing tender offers in Section 14. |