Under Two of the Subsections of Section 17(a)of the Securities

question 39

True/False

Under two of the subsections of Section 17(a)of the Securities Act of 1933,an investor need prove only negligence by the accountant.

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Definitions:

Policy Area

A specific domain or sector within public policy where focused policy making, analysis, and implementation occurs, such as healthcare, education, or environment.

Federal Mandates

Directives issued by the federal government that require state and local governments to comply with certain rules and regulations, often without providing corresponding funding.

Social Federal Legislation

Social Federal Legislation refers to laws passed by the national government to address social issues and needs, such as health, education, and welfare.

Civil War

A war between citizens of the same country.