To be successful in a civil action under Section 11 of the Securities Act of 1933 concerning liability for a misleading registration statement,the plaintiff must prove which of the following?

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Section 11 of the 1933 Act provides civil liabilities for damages when a 1933 Act registration statement on its effective date misstates or omits a material fact.To be successful in a civil action under Section 11 of the Securities Act of 1933 concerning liability for a misleading registration statement,the plaintiff (purchaser of securities)need not show either reliance on the registration statement on his/her part or the intent to deceive on the defendant's part.

To Be Successful in a Civil Action Under Section 11