Who Amongst the Following Can Be Held Liable Under Section

question 31

Multiple Choice

Who amongst the following can be held liable under Section 12(a) (2) of the Securities Act of 1933?

• A) A consultant who is hired by a company making a public distribution of securities to improve performance.
• B) An auditor who issues an opinion regarding financial statements of a company making a public distribution of securities.
• C) An accountant in the accounts division of a publicly traded company which is issuing new securities to the public.
• D) An underwriter who is involved in issuance of new securities to the public by a publicly traded company.

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Definitions:

Emergency Banking Relief Bill

A 1933 act passed in the United States during the Great Depression to restore investor confidence and stabilize the banking system by putting federally guaranteed banks under the control of the Treasury.

Unanimous House Vote

A vote in which all present members of a legislative house, such as the House of Representatives, agree on a particular decision or piece of legislation.

Policy of Appeasement

A diplomatic strategy aimed at avoiding conflict by making concessions to an aggressive country or leader.

Germany's Aggressive Moves

Actions taken by Germany, particularly in the early 20th century, that were seen as hostile or expansionist, leading up to both World War I and World War II.