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To determine if a misrepresentation in the offer or sale of any securities is material...

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To determine if a misrepresentation in the offer or sale of any securities is material a fraud examiner should answer which of the following questions?

A.

"Did the person who made the representation believe that it was suitable for potential investors?"

B.

"Was the misrepresentation made by an authorized individual?"

C.

"Would a reasonable investor wish to know the information to make an informed decision?"

D.

''Did the person who made the representation intend to mislead potential investors?

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