Which of the following may be sued under Section 11 of the Securities Act of 1933 which provides a remedy for a person who purchases a security pursuant to a misleading registration statement?

Question

Quizplus · Accepted Answer

Under Section 11 of the Securities Act of 1933, both underwriters and persons who gave their consent to be named in the registration statement as future directors can be sued. Officers may also be sued under this section, but not "any" officer - only those who signed the registration statement, or who authorized or directed its filing.

Which of the Following May Be Sued Under Section 11