The partnership of Rodgers & Higgs, CPAs, performed audits of Alt Corp., a publicly traded company, for the past several years. After issuing the current year's audit report, the CFO of Alt confessed to having committed fraud against Alt. Under which of the following statutes would the investors most likely bring suit against Rodgers & Higgs?

a). Securities Act of 1933, if they can prove ordinary negligence.

b). Securities Act of 1933, if they can prove gross negligence.

c). Securities Exchange Act of 1934, if they can prove ordinary negligence.

d). Securities Exchange Act of 1934, if they can prove scienter.

Answer rating: 100% (QA)

Of the given options option d Securities Exchage Act of 1934 is correct if they can prove scie... View the full answer