B is corrent because under the 1933 Act, the plaintiff must prove that damages were incurred and that there was a material misstatement or omission in the registration statement. The 1933 Act does not require the establishment of scienter (intent to deceive or reckless disregard of the truth) on the part of the CPA.
A is incorrect because under the 1933 Act, the plaintiff must prove that damages were incurred and that there was a material misstatement or omission in the registration statement. The 1933 Act does not require the establishment of scienter (intent to deceive or reckless disregard of the truth) on the part of the CPA.
C is incorrect because under the 1933 Act, the plaintiff must prove that damages were incurred and that there was a material misstatement or omission in the registration statement. The 1933 Act does not require the establishment of scienter (intent to deceive or reckless disregard of the truth) on the part of the CPA.
D is incorrect because under the 1933 Act, the plaintiff must prove that damages were incurred and that there was a material misstatement or omission in the registration statement. The 1933 Act does not require the establishment of scienter (intent to deceive or reckless disregard of the truth) on the part of the CPA.
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