Liability under the Federal Securities Laws for Securities Offerings


This practice note provides an overview of the principal liability provisions of the federal securities laws applicable to disclosures made in registered and unregistered offerings of securities. These provisions reflect the general philosophy of the federal securities laws to provide full disclosure to the investing public, and provide remedies to investors suffering damages resulting from misstatements or omissions of material facts in offering documents used and oral statements made by issuers and other participants in securities offerings.