The 1933 Act Imposes Liability for Material Misstatements and Omission

question 87

Multiple Choice

The 1933 Act imposes liability for material misstatements and omission 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.

---

Definitions:

Negligently

A rephrased definition: Acting with a lack of proper care or attention that a reasonably prudent person would exercise in similar circumstances.

Negligently

Acting with a lack of proper care or attention, resulting in harm or injury to another person or property.

Relative Capital Contributions

The contributions, often in the form of money or assets, that partners make relative to one another in a partnership or investment setting.

Dissolved

The process of legally disbanding a corporation or partnership, effectively ending its existence.