Which of the Following Is True of Section 11 of the Securities

Which of the following is true of Section 11 of the Securities Act of 1933?

A) It permits injured private parties to bring criminal actions against issuers who file fraudulent registration statements.
B) It imposes liability on those who defraud investors intentionally or are negligent in not discovering the fraud.
C) It allows an issuer to assert a due diligence defense against the imposition of Section 11 liability.
D) It does not apply to a case involving the negligent omission of a material fact in a registration statement.