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Yes. It is likely that Willis will be found liable to Geiger, because of the liability of the CPA
to the client for ordinary negligence.
No. The 1933 Securities Act only offers protection to a limited group of investors—it
protects the purchasers of a security or sale under the registration statement.
No. The Securities Exchange Act of 1934 only offers protection to for purchases and sales of
securities registered with the SEC, after the initial registration. ...
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- Winter '11
- Geiger, U.S. Securities and Exchange Commission, Securities Exchange Act