If no exemption is available, a corporation offering shares of stock for sale is subject to court injunction and civil liability in damages to persons to whom securities are sold in violation of the regulatory statute, but there is no potential criminal liability.

Question

Quizplus · Accepted Answer

Corporations offering shares without an exemption may face criminal liability, in addition to civil liability and court injunctions, for violating securities regulations.

If No Exemption Is Available, a Corporation Offering Shares of Stock