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Question
Mona, an accountant, prepares for NuTech Corporation a financial statement that omits a material fact. The financial statement is included in NuTech's registration statement, which Pam reads. Pam buys NuTech stock. Under Section 11 of the Securities Act of 1933, for Mona to be liable for the omission, Pam must show thatA.Pam relied on the omission.
B.Pam suffered a loss on the stock.
C.Pam knew about the omission before making her purchase.
D.the omission had no causal connection to her loss.
Answer
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