Section 18 liability is relatively narrow in scope because it relates only to a false or misleading statement in documents "filed" with the:

Question

Quizplus · Accepted Answer

Section 18 liability is specifically related to false or misleading statements in documents filed with the Securities and Exchange Commission (SEC), which is responsible for enforcing federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other related activities and organizations.

Section 18 Liability Is Relatively Narrow in Scope Because It