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

Section 11 of the Securities Act of 1933 provides remedies for any person who purchases securities pursuant to a misleading registration statement. Both underwriters and persons who gave their consent to be named in the registration statement as future directors can be sued under this section. Other officers can also be sued, but this is not mentioned in the question. Therefore, option C is the best choice.

Which of the Following May Be Sued Under Section 11