In a suit against Jay and Dart under the Section 11 liability provisions of the Securities Act of 1933, Larson must prove that Securities Law & Liabilities of CPA's In a suit against Jay and Dart under the Section 11 liability provisions of the Securities Act of 1933, Larson must prove that The misstatements contained in Dart's financial statements were material. Learn More : Share this Share on FacebookTweet on TwitterPlus on Google+