Liability Under Section 18 of the 1934 Act

The video tutorial discusses antifraud provisions that prevent individuals from making misleading or false statements in public disclosure documents. It explains the legal actions available for fraud, highlighting the required elements such as a knowing false statement and reliance by a security purchaser. The tutorial also covers the good faith defense, which differentiates from 10B5 by requiring intentional omission or addition of false information, allowing for specific actions related to recurring company reports.

In what types of documents does this antifraud provision apply?

What types of statements can lead to a cause of action under this antifraud provision?