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).
Read more about this topic: Securities Act Of 1933
Famous quotes containing the word civil:
“The Count is neither sad, nor sick, nor merry, nor well; but civil count, civil as an orange, and something of that jealous complexion.”
—William Shakespeare (1564–1616)