When a registration statement for a security contains an untrue statement, which of the following is true regarding what an investor must establish in order to recover under Section 11 of the 1933 Act? Multiple Choice Investors must generally prove reliance on the false statement, privity with the defendant, and negligence on the part of the defendant. Investors are not generally required to prove reliance, privity with the defendant is not required, and it is not required that the investor establish negligence on the part of the defendant. Investors must generally prove reliance on the false statement, but privity with the defendant is not required. Investors must generally prove due diligence on the investor's part, reliance on the false statement, privity with the defendant, and negligence on the part of the defendant.