The 1933 Act Imposes Liability for Material Misstatements and Omissions

question 66

Multiple Choice

The 1933 Act imposes liability for material misstatements and omissions in a registration statement on:

• A) only the directors and certain officers.
• B) only the issuers.
• C) experts and underwriters as well as directors, officers, and issuers.
• D) the CEO only.

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Definitions:

Information-Gathering

The process of collecting, finding, and acquiring information relevant to a specific topic or purpose.

Search and Seizure

A legal procedure whereby law enforcement authorities search a person or property and seize evidence pertaining to a crime.

Congressional Delegations

Groups of members from the United States Congress who are assigned to represent the legislative body at official functions or investigate specific issues.

Administrative Agencies

Governmental bodies established to carry out specific laws, conduct oversight, and administer services related to their area of responsibility.