Which of the following is true of Section 12 of the Securities Act of 1933?
A) It imposes liability on those who are negligent in not discovering the fraud.
B) It imposes civil liability on persons who intentionally defraud investors by making misrepresentations of material facts in the registration statement.
C) It imposes criminal liability on any person who willfully violates either the act or the rules and regulations.
D) It imposes civil liability on any person who violates the provisions of Section 5 of the act.
Correct Answer:
Verified
Q4: Interests or instruments that are expressly mentioned
Q16: A _ program allows a person who
Q18: A(n)_ refers to a document that an
Q19: The federal and state governments have enacted
Q19: The courts apply the _ in determining
Q22: _ is a provision of the Securities
Q23: The _ period begins to run when
Q24: The general form for registering with the
Q25: During the _ period,the issuer cannot offer
Q44: Which of the following is true of
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