Securities Lawyer's Deskbook                          published by The University of Cincinnati College of Law

Rule 176 -- Circumstances Affecting the Determination of What Constitutes Reasonable Investigation and Reasonable Grounds for Belief Under Section 11 of the Securities Act

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1. The type of issuer;
   
   
2. The type of security;
   
   
3. The type of person;
   
   
4. The office held when the person is an officer;
   
   
5. The presence or absence of another relationship to the issuer when the person is a director or proposed director;
   
   
6. Reasonable reliance on officers, employees, and others whose duties should have given them knowledge of the particular facts ;
   
   
7. When the person is an underwriter, the type of underwriting arrangement, the role of the particular person as an underwritter and the availability of information with respect to the registrant; and
   
   
8. Whether, with respect to a fact or document incorporated by reference, the particular person had any responsibility for the fact or document at the time of the filing from which it was incorporated.

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