57 “Securities Law entitles the purchaser to sue the issuer, underwriter, certified public accountant and lawyer with respect to any material misstatements or omissions in the prospectus. However, except to the issuer, which has absolute liability for any material misstatements or omissions, Securities Law provides an affirmative defense for any other defendant who can demonstrate that he/she met a prescribed standard of diligence with respect to the information contained in the prospectus.” Based on the above description, what kind of liability the issuer has?
(A) Strict liability
(B) Negligent liability
(C) No liability
(D) Presumption of negligence
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