Law, 09.03.2020 23:45, ghetauto

Under Section 11 of the Securities Act of 1933 and Rule 10b-5 under the Securities Exchange Act of 1934, a CPA may be sued by a purchaser of registered securities. The items below relate to what a plaintiff who purchased securities must prove in a civil suit against a CPA. Select from the option list provided the act(s) that require(s) proof of each item below. Each choice may be used once, more than once, or not at all.

1. Material misstatements were included in a filed document.
2. A monetary loss occurred.
3. Lack of due diligence by the CPA.
4. Privity with the CPA.
5. Reliance on financial statements.
6. The CPA had scienter (knowledge and intent to deceive).

Required For each of the items 1 through 6 listed above, indicate whether the statement must be proven under:

a. Section 11 of the Securities Act of 1933 only.
b. Section 10(b) of the Securities Exchange Act of 1934 only.
c. Both Section 11 of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934.
d. Neither Section 11 of the Securities Act of 1933 nor Section 10(b) of the Securities Exchange Act of 1934.*

Answers: 1

Show answers

Other questions on the subject: Law

Law, 07.07.2019 02:10, sugar75

Issues involveing police searches are adressed in the amendment to the constitution a. sixth b. fourth. c.eighth d. fifth

Answers: 1

continue

Law, 16.07.2019 01:40, nisha87

Is considered traction-reducing weather.

Answers: 1

continue

Law, 16.07.2019 17:20, maddo36

Which best describes the basis for the right to privacy in the united states? a. the right to privacy is a civil liberty that places limits on government power through the constitution, especially the bill of rights. b. in griswold v. connecticut, the supreme court defined the right to privacy by incorporating the fourth amendment and the right of people to be secure; the self-incrimination clause of the fifth amendment; the ninth amendment; and the due process clause of the 14th amendment. c. the right to privacy is embodied in the words of u. s. justice louis brandeis, "the right to be left alone." d. the term privacy is not in the constitution or bill or rights but it does exist.

Answers: 1

continue

Law, 16.07.2019 20:20, jkw1222p0ttvq

Why was the supreme court’s ruling important in gitlow v. new york?

Answers: 3

continue

Do you know the correct answer?

Under Section 11 of the Securities Act of 1933 and Rule 10b-5 under the Securities Exchange Act of 1...