Series 24: 4.1.12.1. Liability For False Registration Statements

4.1.12.1. Liability for False Registration Statements

Section 11 of the Securities Act of 1933 lays out the consequences for filing a misleading registration statement. Under the Act, investors may sue various parties involved in the registration process of a new offering if there has been a material misrepresentation or omission in the registration statement. Defendants may include any party that signed the registration statement, including:

• The issuer

• The issuer’s executive officers

• The issuer’s principal accounting officer

• Experts who contributed to or certified any pa