The Reform Act's safe harbor under the 1933 Act eliminates civil liability based on an untrue statement or omission if a forward-looking statement is:
A) material.
B) made without actual knowledge that it was false or misleading.
C) unidentified as a forward-looking statement
D) All of these.

Question

Quizplus · Accepted Answer

The Reform Act's safe harbor provisions protect against civil liability for forward-looking statements if they were made without actual knowledge that they were false or misleading. This means that as long as the issuer did not know the statement was false or misleading at the time it was made, they can be shielded from liability. The provisions do not require the statement to be material or to be identified as forward-looking to qualify for the safe harbor.

The Reform Act's Safe Harbor Under the 1933 Act Eliminates