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If a Registration Statement Omits Material Facts About the Issuer's

Question 63

Multiple Choice

If a registration statement omits material facts about the issuer's inquiry into or knowledge concerning a statement of opinion, and if those facts conflict with what a __________ investor would take from the statement itself, then the statement violates Section 11's omissions clause.


A) reasonable
B) seasoned
C) experienced
D) licensed

Correct Answer:

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