In which of the following ways can an accountant avoid liability under Section 18(a) of the Securities Exchange Act of 1934?
A. if the accountant can show that the misleading statement was made to protect the company from Chapter 7 or Chapter 11 bankruptcy
B. if the accountant acted recklessly, rather than negligently
C. if the accountant had served as the plaintiff's employee within 180 days before the filing of the Section 18(a) action
D. if the accountant can show that the plaintiff had knowledge of the false statement when the securities were purchased or sold
Answer: D
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