Which of the Following May Be Sued Under Section 11

question 56

Multiple Choice

Which of the following may be sued under Section 11 of the Securities Act of 1933,which provides a remedy for a person who purchases a security pursuant to a misleading registration statement?

• A) The underwriters.
• B) Persons who gave their consent to be named in the registration statement as future directors.
• C) Both underwriters and persons who gave their consent to be named in the registration statement as future directors.
• D) Any officer as well as underwriters and persons who gave their consent to be named in the registration statement as future directors..

---

Definitions:

Market Segment

A distinct group of consumers within a broader market who share similar needs, preferences, or characteristics that a company targets with specific products or marketing strategies.

Market Development

Involves expanding the potential market through new users or new uses for a product, aiming at increasing the total market for the product.

Newly Developed Products

Refers to items that have been brought to the market recently, showcasing innovative features or advancements not previously seen.

Growth Strategy

A plan of action aimed at increasing the size and scope of a business, usually through expanding operations, entering new markets, or increasing market share.