Persons or firms can be sued for false statements in a registration statement.

Name: Persons or firms can be sued for false statements in a registration statement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true according to securities laws, where a registration statement is a disclosure document filed with regulatory bodies when a company wants to offer its securities to the public. If false statements are made in this statement, those responsible can be sued for misrepresentation.

Persons or Firms Can Be Sued for False Statements in a Registration