Question: a . LO 4 . 4 Under the Securities and Exchange Act of 1 9 3 4 , auditors and other defendants are generally faced

a. LO 4.4 Under the Securities and Exchange Act of 1934, auditors and other defendants are generally faced with:
(1) Joint liability.
(2) Joint and several liability.
(3) Proportionate liability.
(4) Limited liability.

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