Under the Securities Law, Liability for Misstatements

question 61

Multiple Choice

Under the securities law, liability for misstatements:

• A) can be imposed on securities offerors, but not corporate officials
• B) can be imposed for overly optimistic statements made by executives that are not soundly grounded
• C) would not be imposed for misstatements in press releases due to First Amendment protection of media
• D) none of the other choices
• E) all of the other choices

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Definitions:

Historical Accounts

Descriptions or records of past events and situations based on evidence, research, or testimonies.

Interactionist Perspective

An approach in social science that emphasizes the importance of interactions between individuals and their environment in shaping behaviors and social outcomes.

Situationist

A perspective in psychology that emphasizes the importance of environmental and situational factors in influencing behavior, often in contrast to trait-based theories.

Mischel's Claims

Assertions by psychologist Walter Mischel that personality can vary significantly according to situational factors.