Section 11 of the 1933 Act provides civil liabilities for damages resulting in an investor who finds, after purchasing the security, that the registration statement for the security contained an untrue statement or omitted a material fact.

Question

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Section 11 of the 1933 Act indeed provides civil liabilities for damages resulting in an investor who finds, after purchasing the security, that the registration statement for the security contained an untrue statement or omitted a material fact.

Section 11 of the 1933 Act Provides Civil Liabilities for Damages