Pat,an accountant,includes a false statement in a report for Quantity Overstock,Inc.,that is filed with the Securities and Exchange Commis-sion.Quantity publishes a misleading ad about its future prospects.Rita sees the ad and calls Stan,who buys stock in Quantity.Under Section 18 of the Securities Ex-change Act of 1934,liability may attach to

Question

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Section 18 of the Securities Exchange Act of 1934 imposes liability for false or misleading statements made in documents filed with the SEC, such as Pat's report.

Pat,an Accountant,includes a False Statement in a Report for Quantity