Which Section of the 1933 Act Imposes Liability on Any

question 38

Multiple Choice

Which section of the 1933 Act imposes liability on any person who has violated the timing, manner, and content restrictions on offers and sales of new issues?

• A) 12(2)
• B) 17(a)
• C) 12(1)
• D) 11

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Definitions:

Psychopathological

Relating to the scientific study of mental disorders, including their symptoms, causes, and processes.

Proper Conduct

The adherence to a set of accepted standards or rules of behavior in social or professional settings.

Society

A group of individuals living together in more or less ordered communities, sharing various customs, laws, and organizations that define their relationships and collective functioning.

Norms

Shared expectations and rules that guide behavior within a group or society.