To Prevail Under Section 11 of the 1933 Securities Act,the

question 31

Multiple Choice

To prevail under Section 11 of the 1933 Securities Act,the plaintiff must prove:

• A) the registration statement contained a material misstatement or omission; and the plaintiff lost money.
• B) the registration statement contained a material misstatement or omission; the auditor acted knowingly or recklessly; and the plaintiff lost money.
• C) the registration statement contained a material misstatement or omission; the auditor intended to deceive; and the plaintiff lost money.
• D) the registration statement contained a material misstatement or omission; the auditor acted with scienter; and the plaintiff lost money.

---

Definitions:

Addictive Parent

A term drawing attention to the challenges and dynamics within families where one or more parents have substance abuse issues.

Methamphetamine

A powerful, highly addictive stimulant that affects the central nervous system.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, notorious for its addictive properties and high potential for abuse.

MDMA

Also known as ecstasy, a psychoactive drug primarily used for recreational purposes, known for its effects on mood, perception, and energy.