Which of the Following Statements Concerning the Liability Provisions of the Securities

Which of the following statements concerning the liability provisions of The Securities Act (1933) ,is true?

A) All people who might be included in a registration legal action must prove that they made a "reasonable investigation" of the financial statements.
B) The major burdens of affirmative proof in a suit against the auditor shift from the injured plaintiff to the expert accountant.
C) The purchaser-plaintiff must prove that they relied on the financial statements in the registration statement.
D) The provisions of the Securities Act do not apply to companies who file a registration statement.