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Question
To be successful in a civil action under Section 11 of the Securities Act of 1933 concerning liability for a misleading registration statement, the plaintiff must prove which of the following?
A. Defendant's intent to deceive: yes; Plaintiff's reliance on the registration statement: yes.
B. Defendant's intent to deceive: yes; Plaintiff's reliance on the registration statement: no.
C. Defendant's intent to deceive: no; Plaintiff's reliance on the registration statement: yes.
D. Defendant's intent to deceive: no; Plaintiff's reliance on the registration statement: no.
Answer
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Related questions
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C. $20,000 fine and five years' imprisonment.
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Q:
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