Asked by mikey sanchez on May 19, 2024
Verified
Only civil liability may be imposed for violations of the Securities Act of 1933.
Civil Liability
Legal responsibility for actions or omissions that cause harm or injury to another individual, subject to financial compensation rather than criminal penalties.
- Acquire knowledge of the legal impacts, including potential responsibility, stemming from noncompliance with securities laws.
Verified Answer
MV
Maryam VahdatiMay 24, 2024
Final Answer :
False
Explanation :
Criminal penalties, as well as civil liabilities, can be imposed for violations of the Securities Act of 1933, especially in cases of fraud and willful violations.
Learning Objectives
- Acquire knowledge of the legal impacts, including potential responsibility, stemming from noncompliance with securities laws.