Financial relief for misrepresentations made under the Securities Act of 1933 is available for purchasers of any security that is sold under a prospectus that is found to contain false or misleading statements. Purchasers of the security may be entitled to seek financial relief from any or all of the following:
- The issuer
- The underwriters
- Officers and directors
- All parties who signed the registration statement
- Accountants and attorneys who helped prepare the registration statement
A due diligence meeting will be held during the cooling off period to ensure that the information contained in the prospectus is accurate.
How to Pass The Series 55 Exam