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Section 11
A provision of the U.S. Securities Act of 1933 that imposes liability on issuers and others for material misstatements or omissions in registration statements.
Securities Act of 1933
A U.S. law enacted to ensure greater transparency in financial statements so investors can make informed decisions.
Auditor Liability
The legal responsibility of auditors for their professional actions, particularly in relation to the accuracy of financial statements they audit.
Defective Registration Statement
A legal document filed with the SEC that contains inaccurate, misleading, or incomplete information about securities being offered for public sale.
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