Henry Prepared a Registration for the First Issuance of Stock

question 48

Essay

Henry prepared a registration for the first issuance of stock of the Winzell Corporation.Henry took the assignment very seriously and spent a great deal of time preparing the statement.Two years after the statement was filed,the SEC began to investigate the company and claims that the information in Henry's statement was misleading,because some of the information given to him by the corporation was false.Henry had tried to verify the information,but was not able to do so.An investor is now suing Henry claiming that he violated the 1933 act.Is Henry liable?

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Definitions:

Teenage Son

A term that refers to a male child in his teenage years, typically between the ages of 13 and 19.

Pincer Grasp

The coordinated movement of fingers, especially the thumb and index finger, to grasp small objects, a key developmental milestone in infants.

Objects into Containers

The act or process of placing items inside receptacles or holders for organization, transport, or storage.

Pincer Grasp

A developmental milestone in which a child uses the thumb and a finger to pick up small objects.