What are the possible penalties for intentional (willful) material misstatements of financial statements under the 1933 Act?

Question:

What are the possible penalties for intentional (willful) material misstatements of under the 1933 Act? The 1934 Act?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...