Which of the following,if any,may be defenses for Isaiah?
A) Except for the violation of selling securities before the effective registration date,Isaiah could raise the defense that a plaintiff was aware of the omission or false statement when the security was purchased;but no defense is available based on the theory that omitted or false statements were immaterial to the sale of the security.
B) No defenses are available to Isaiah because he had already been held liable to the SEC once.
C) For any alleged violations,Isaiah could raise the defense that a plaintiff was aware of the omission or false statement when the security was purchased;but no defense is available based on the theory that omitted or false statements were immaterial to the sale of the security.
D) Except for the violation of selling securities before the effective registration date,Isaiah could raise the defenses that a plaintiff was aware of the omission or false statement when the security was purchased,and that any omitted or false statement was immaterial to the sale of the security.
E) For any alleged violations Isaiah could raise the defenses that a plaintiff was aware of the omission or false statement when the security was purchased,and that any omitted or false statement was immaterial to the sale of the security.
Correct Answer:
Verified
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