Under Section 11(a) of the 1933 Act, accountants are:
A) liable only if privity of contract is with the purchaser.
B) liable for defective registration statements unless they can prove that they exercised due diligence.
C) liable only to purchasers who relied upon the omissions or falsities in the registration statements.
D) not liable to any purchaser of securities issued pursuant to a defective registration statement.
Correct Answer:
Verified
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