Section 20(a)imposes __________ liability on every person who,directly or indirectly,controls any person liable under the 1934 Act,unless the controlling person acted in good faith and did not directly or indirectly induce the acts constituting the violation.

Question

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Section 20(a) of the Securities Exchange Act of 1934 imposes joint and several liability on controlling persons unless they acted in good faith and did not induce the violation.

Section 20(a)imposes __________ Liability on Every Person Who,directly or Indirectly,controls