Can Investors Themselves Be Liable For A Failure To Register The Offer And Sale Of Securities?
By EsqSocial Corporation 02/04/25
Section 12(a)(1) of the Securities Act of 1933 imposes liability on sellers of securities who violate that Act's registration and prospectus delivery requirements. Because the statute refers to sellers, it seems unlikely that investors themselves might have liability under Section 12(a)(1). Things are not as they seem, however....
By: Allen Matkins