Under Section 11 of the Securities Act of 1933,a Plaintiff

question 114

Multiple Choice

Under section 11 of the Securities Act of 1933,a plaintiff suing for damages must prove

• A) A privity relationship with auditors.
• B) Reliance on the financial statements in registration statement.
• C) Materially misstated financial statements caused the damages or loss.
• D) Damages or loss from the purchase of securities.

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Definitions:

Ethnomethodological

Pertaining to an approach within sociology that studies the methods people use to understand and produce the social order in everyday life.

Conversational Analysis

A methodological approach analyzing the structure and patterns of speech in natural conversations to understand social interaction.

Nonvocal Activities

Actions or endeavors that do not involve the use of voice or spoken words, focusing on non-verbal aspects of communication or activity.

Ethnomethodological

Pertains to a sociological perspective focusing on the ways people produce and understand social order in everyday interactions.