Which of the following is true of the criminal liabilities under the Securities Act of 1933?

Question

Quizplus · Accepted Answer

Both the Securities Act of 1933 and 1934 have criminal provisions. Although the criminal provisions do not specifically mention accountants, they may be and have been used against them. A willful (intentional) misrepresentation, including an omission, in a registration statement is made a criminal act under the 1933 Act. The 1934 Act makes it a crime to willfully make a false or misleading statement in reports that are required to be filed under the act.

Which of the Following Is True of the Criminal Liabilities