Examlex
Which of the following would be classified as an innovation?
1933 Act
Officially known as the Securities Act of 1933, it is a U.S. federal law that requires issuers of securities to provide financial and other significant information to investors prior to issuing securities to the public.
Criminal Violation
A breach of laws established at a municipal, state, or federal level that may result in prosecution and punishment.
Imprisonment
The act of confining a person or restricting their freedom as a punishment for a crime they have been convicted of.
Section 11
A provision of the U.S. Securities Act of 1933 that imposes liability on issuers and others for material misstatements or omissions in registration statements.
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