Wallace was also charged under Section 15 of the Securities Act.He asserted an affirmative defense claiming he is not liable as he is not a "controlling person" under that statute.Is he correct?

Question

Quizplus · Accepted Answer

A)In the WorldCom case from the text,the court determined that as chairman of the board of directors,the defendant clearly was a controlling person.
B)In the WorldCom case from the text,the court determined that as chairman of the board of directors,the defendant clearly was a controlling person.
C)In the WorldCom case from the text,the court determined that as chairman of the board of directors,the defendant clearly was a controlling person.
D)In the WorldCom case from the text,the court determined that as chairman of the board of directors,the defendant clearly was a controlling person.
E)In the WorldCom case from the text,the court determined that as chairman of the board of directors,the defendant clearly was a controlling person.

Wallace Was Also Charged Under Section 15 of the Securities