Under two of the subsections of Section 17(a), an investor need prove only negligence by the accountant.

Name: Under two of the subsections of Section 17(a), an investor need prove only negligence by the accountant.
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Under subsections (2) and (3) of Section 17(a) of the Securities Act of 1933, an investor may establish a cause of action against an accountant for negligence rather than proving scienter (intent to deceive). This is known as a "negligence-based" action.

Under Two of the Subsections of Section 17(a), an Investor