A prediction about the future cannot be a misstatement for purposes of the 1933 Act,even if the person making the prediction does not believe it at the time.

Question

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Under the 1933 Act, a prediction about the future can be considered a misstatement if the person making it does not genuinely believe it at the time, as this would constitute a false or misleading statement of material fact.

A Prediction About the Future Cannot Be a Misstatement for Purposes