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:

    “I’ve never been afraid to step out and to reach out and to move out in order to make things happen.”
    —Victoria Gray, African American civil rights activist. As quoted in This Little Light of Mine, ch. 3, by Hay Mills (1993)