Section 11 of the 1933 Act provides for criminal liability for damages when a registration statement on its effective date misstates or omits a material fact.

Name: Section 11 of the 1933 Act provides for criminal liability for damages when a registration statement on its effective date misstates or omits a material fact.
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Section 11 of the 1933 Act provides for civil liability, not criminal liability, for damages when a registration statement contains a material misstatement or omission.

Section 11 of the 1933 Act Provides for Criminal Liability