An accountant's liability under the Securities Act of 1933 does I require privity of contract with the purchaser of a security.

Name: An accountant's liability under the Securities Act of 1933 does I require privity of contract with the purchaser of a security.
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Question

An accountant's liability under the Securities Act of 1933 does I require privity of contract with the purchaser of a security.​

Quizplus · Accepted Answer

Under the Securities Act of 1933, an accountant can be held liable for misstatements or omissions in a registration statement without the need for privity of contract with the purchaser.

An Accountant's Liability Under the Securities Act of 1933 Does