Under Section 11 of the 1933 Act,the Issuer of Securities

Under Section 11 of the 1933 Act,the issuer of securities with a defective or misleading registration statement:

A) cannot escape liability to any buyer of the securities for damages caused by the defective registration statement.
B) can escape liability if the issuer is a director who hasn't signed on the registration statement.
C) can escape liability only if the buyer proves that serious damage resulted from his reliance on the misstatements in the registration document.
D) can escape liability if the issuer proves that the buyer of the securities did not read the registration statement.