The Securities Act of 1933 Significantly Differs from Other Statutes

question 66

Multiple Choice

The Securities Act of 1933 significantly differs from other statutes concerning auditor liability in that:

• A) The plaintiff does not need to show negligence.
• B) The plaintiff does not need to show (s)he relied on the financial statements.
• C) Any third party that purchased securities described in the registration statement may sue the auditor for any material misrepresentation.
• D) All of the above.