BU231 Lecture 10: Page-6
Document Summary
Can"t tell customers that this stock is going to skyrocket in order to make sale. Section 130: liability for misrepresentation in prospectus, protect the investor, makes it easier for them to sue, investor doesn"t have to prove reliance so long as there is a misrepresentation. Don"t even need to discuss why the misrepresentation is incorrect. Anyone who had anything to do with the prospectus has a duty of care: if investor knew about misrepresentation but bought anyways, it doesn"t work.
