Which of the Following Statements About the Securities Act of 1933

question 31

Multiple Choice

Which of the following statements about the Securities Act of 1933 is not true?

• A) The plaintiff must prove damages or an economic loss.
• B) The plaintiffs must prove they read and relied upon the financial statements.
• C) Any purchaser of securities may sue auditors.
• D) The plaintiffs need not prove that the materially misstated financial statements are the direct cause of the loss.

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Definitions:

Unemployment

A situation in which individuals who are able and willing to work cannot find jobs.

Living Standards

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.

Productivity

The efficiency with which inputs are converted into outputs, typically measured as the amount of goods and services produced per unit of labor.

Policymakers

Individuals or members of government bodies who are responsible for creating and implementing laws and policies.