Securities Act of 1933 - Civil Liability

Civil Liability

Violation of the registration requirements can lead to civil liability for the issuer and underwriters sections 11, 12(a)(1) or 12(a)(2) of the Act. Additional liability may be imposed under the Securities Exchange Act of 1934 (Rule 10b-5).

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Famous quotes containing the word civil:

    “The right to vote, or equal civil rights, may be good demands, but true emancipation begins neither at the polls nor in courts. It begins in woman’s soul.”
    —Emma Goldman (1869–1940)