The Securities Act of 1933 Prohibits the Offering or Sale

question 12

True/False

The Securities Act of 1933 prohibits the offering or sale of securities to the public in interstate commerce before a registration statement has been filed with the Securities and Exchange Commission (SEC).

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Definitions:

Injury

Harm or damage that is inflicted on a person's body, property, reputation, or rights, often leading to legal liabilities.

Potential Liability

The possibility of being legally responsible for an action or inaction, which might lead to legal action and financial compensation.

Big Businesses

Large-scale, established companies that have substantial influence in the market and economy.

Strict Liability

Liability regardless of fault. In tort law, strict liability may be imposed on defendants in cases involving abnormally dangerous activities, dangerous animals, or defective products.