The burden of proof that must be proven to recover losses from the auditors under the Securities Exchange Act of 1934 is generally considered to be:

Question

Quizplus · Accepted Answer

The burden of proof under the Securities Exchange Act of 1934 is generally considered to be higher than that under the Securities Act of 1933. This is because the Securities Exchange Act requires a showing of scienter, or intent to deceive or manipulate the market, whereas the Securities Act does not.

The Burden of Proof That Must Be Proven to Recover