Question: Hello Chegg. I need help with this question: Item (c) relates to what a plaintiff who purchased securities must prove in a civil liability suit

Hello Chegg. I need help with this question:

Item (c) relates to what a plaintiff who purchased securities must prove in a civil liability suit against a CPA. c. The plaintiff security purchaser must prove lack of due diligence by the CPA:

A. Only applies to Section 11 of the 1933 Securities Act

B. Only applies to section 10(b) of the Securities Exchange Act

C. Applies to both of the acts

D. Applies to neither of the acts.

Thank you!

I thought the answer was both but it marked it wrong.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Item (c) relates to what a plaintiff who purchased securities must prove in a civil liability suit against a CPA. c. The plaintiff security purchaser must prove lack of due diligence by the CPA. A....

Item (d) relates to what a plaintiff who purchased securities must prove in a civil liability suit against a CPA. d. The plaintiff security purchaser must prove privity with the CPA. Multiple Choice...

Required information Skip to question [ The following information applies to the questions displayed below. ] Item below relates to what a plaintiff who purchased securities must prove in a civil...

QUESTION 33 1933 & 1934 SEC Acts: Under Section 11 of the Securities Act of 1933 and Section 10(b), Rule 10b-5 of the Securities Exchange Act of 1934, a CPA may be sued by a purchaser of registered...

Required informationSkip to question [ The following information applies to the questions displayed below. ] Item below relates to what a plaintiff who purchased securities must prove in a civil...

In order to expand its operations, Gibson Corp. raised $5 million in a public offering of common stock, and also negotiated a $2 million loan from Citizens National Bank. In connection with this...

Under Section 11 of the Securities Act of 1933 and Section 10(b), Rule 10b-5, of the Securities Exchange Act of 1934, a CPA may be sued by a purchaser of registered securities. The following items...

Items (a) through (f) relate to what a plaintiff who purchased securities must prove in a civil liability suit against a CPA. For each item, determine whether it must be proved assuming application...

Amazon.com became the worlds largest e-book seller by offering new bestselling books for a fixed price of $9.99 regardless of the fame and popularity of the author or the prestige of the publisher....

Fact Pattern Harrison and Nijah operate YELLOW GOODS, a distributor of Swiss cheese. Harrison is responsible for marketing and buying inventory. Nijah is responsible for hiring, accounting, and other...

19.6 The JIT production system holds only bare minimum inventories. How does it cope up with demand fluctuations?

AbnerCorporation's bonds mature in22 years and pay11 percent interest annually. If you purchase the bonds for$1,200, what is your yield tomaturity? Your yield to maturity on the Abner bonds...

4.6 Summarize job design concepts.

When are internal change agents more likely to be successful as compared to external change agents? If both are involved in the same intervention, what kinds of problems could arise? How are these...

4.5 Explain what competencies and competency modeling are.