Under the Private Securities Litigation Reform Act of 1995,publicly held issuers of publicly held securities cannot be held liable when actual corporate earnings fall short of forecasted earnings as long as ________.
A) the forecasts are fully disclosed to the public and reasonable in scope.
B) the forecasts are filed with the SEC.
C) the forecasts are made in good faith.
D) the forecasts had been verified by an independent public accountant.
E) the forecasts are accompanied by meaningful cautionary statements.
Correct Answer:
Verified
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