Section 11 of the 1933 Securities Act Imposes Liability for the Failure

question 135

True/False

Section 11 of the 1933 Securities Act imposes liability for the failure to file a registration statement.

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Definitions:

Means-Ends

A problem-solving strategy that involves analyzing the ending condition and working backwards to figure out the necessary steps to reach that goal.

Moral Transgression

An act that violates ethical, moral, or social norms, often resulting in feelings of guilt or shame in the individual.

Distributive Justice

The perceived fairness of how resources and rewards are distributed within a social group or organization.

Equal Pay Act

A law aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work.