To Be Successful in a Civil Action Under Section 11

question 22

Multiple Choice

To be successful in a civil action under Section 11 of the Securities Act of 1933 concerning liability for a misleading registration statement,the plaintiff must prove which of the following?

• A)The defendant's intent to deceive and the plaintiff's reliance on the registration statement
• B)The defendant's intent to deceive but not the plaintiff's reliance on the registration statement
• C)The plaintiff's reliance on the registration statement but not the defendant's intent to deceive
• D)Neither the defendant's intent to deceive nor the plaintiff's reliance on the registration statement