Under the securities law, liability for misstatements:

Question

Quizplus · Accepted Answer

None of the other choices are accurate. Liability for misstatements can be imposed on both securities offerors and corporate officials, including executives who make overly optimistic statements. While the First Amendment does protect the media's right to publish certain information, if a press release contains false or misleading information, liability may still be imposed. Private party litigation can also result in liability for misstatements, not just action by the SEC.

Under the Securities Law, Liability for Misstatements