Series 79: Strict Liability

Taken from our FINRA Investment Banking Exam

Definition of the term Strict Liability...

legal liability regardless of whether due diligence was exercised. In a securities context, applies to an issuer’s inability to use a due diligence defense if its registration statement contains misstatements or omissions of material fact.

Since you're reading about Series 79: Strict Liability, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 79
Please Enable Javascript
to view this content!