Under ____, any person who buys a security covered by a registration statement that contains false or misleading information, or that omits information that was important to a decision to purchase, may sue to recover losses incurred in that purchase.

Question

Quizplus · Accepted Answer

Section 11 of the 1933 Securities Act allows individuals to sue for losses incurred as a result of purchasing a security covered by a registration statement that contained false or misleading statements or material omissions. It imposes liability on the individuals or entities responsible for the registration statement, including the issuer, underwriters, and directors.

Under ____, Any Person Who Buys a Security Covered by a Registration