financial regulation& ethics

sell up to s$5 miltion in securities in any 12-moth period b A company can sell securities to not more than 200 "accredited"w e. A company can sell securities to not more tha d. The securities are restricted from n 35 non-accredited" i re-sale for at Which of the following statements regarding a private law suit for 22. damages under Section 11 of the Securities Act of 1933 is FALSE a. e is a defense that the buyer Inew the statement was false at the time he purchased the securities b. The plaintiff may not recover more than the offering price for the securities c. Only persons who actually signed the registration statement may be sued It may not be necessary to prove that the buyer read the registration statement before buying the securities 3. Which of the following statements regarding a private purchaser's law suit against an issuer for securities fraud under Section 17 of the Securities Act of 1933 is TRUE? a. b. The lawsuit is without legal basis and will be dismissed The amount of damages recoverable may not exceed the price at which the securities were offered to the public The suit may be brought only in Federal court, not in State court C. dThe plaintiffmust always prove that he actually read and relied upon a materially false or misleading statement in purchasing the securities 24. A private law suit for damages alleging a false or misleading statement or omission in a prospectus delivered in connection with a public offering of securities may NOT- a. Be brought in State court only Federal court b. Be brought against the issuer of the securities under Section 12(a)(2) of