Which of the following must be proven by the plaintiff in a case against a CPA under the Section 11 liability provisions of the Securities Act of 1933?

Question

Quizplus · Accepted Answer

Under Section 11 of the Securities Act of 1933, the plaintiff must prove that the registration statement contained a material misstatement or omission. There is no need to prove the CPA's knowledge of the misstatement, negligence, or reliance on the unqualified opinion by the suing party.

Which of the Following Must Be Proven by the Plaintiff