Section 11
Term · Law · MLC-T-LAW-004419
A provision of the Securities Act of 1933 that imposes civil liability on issuers, underwriters, directors, and other signatories for material misstatements or omissions in a registration statement. This section aims to protect investors by holding parties accountable for the accuracy of information provided in public offerings. Defendants may assert a due diligence defense to avoid liability under this section.
| Identifier | MLC-T-LAW-004419 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004419",
"term": "Section 11",
"field": "Law",
"definition": "A provision of the Securities Act of 1933 that imposes civil liability on issuers, underwriters, directors, and other signatories for material misstatements or omissions in a registration statement. This section aims to protect investors by holding parties accountable for the accuracy of information provided in public offerings. Defendants may assert a due diligence defense to avoid liability under this section.",
"url": "https://mlchart.com/terminology/law/section-11/"
}
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