Section 11 of the Securities Act of 1933 Provides

question 83

Multiple Choice

Section 11 of the Securities Act of 1933 provides:

• A) criminal liability for intentional misstatements only
• B) civil liability for intentional misstatements only
• C) civil liability for intentional misstatements or for misstatements where negligence led to the false statement
• D) criminal liability for selling securities without a prospectus

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Definitions:

Suffer

To experience or be subjected to something bad or unpleasant.

Depression of The 1890s

A severe economic crisis that struck the United States in the early 1890s, characterized by a significant downturn in the economy, leading to high unemployment and financial instability.

Interdependence

A mutual dependence between things, where two or more entities or phenomena rely on each other.

American Economy

The economic system of the United States, characterized by a mixture of private and public ownership of production and distribution means.