Multiple Choice
Which of the following is true regarding any affirmative defenses available under Section 20(a) of the Securities Exchange Act?
A) There are no affirmative defenses available.
B) Comparative negligence is an affirmative defense.
C) Contributory negligence is an affirmative defense.
D) An affirmative defense exists when the controlling person acted in good faith and did not directly or indirectly induce the act or acts constituting the underlying violation or cause of action.
E) Comparative negligence and contributory negligence are affirmative defenses, and also an affirmative defense exists when the controlling person acted in good faith and did not directly or indirectly induce the act or acts constituting the underlying violation or cause of action.
Correct Answer:
Verified
Correct Answer:
Verified
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