Hobie,the chief executive officer of Ideal Gamers,Inc.(IGI) ,intentionally understates the amount of IGI's debts in information provided to investors as part of an issue of IGI stock.Jaq buys the stock and suffers a loss.Hobie may be subject to
A) government prosecution and Jaq's suit.
B) neither government prosecution nor Jaq's suit.
C) only government prosecution.
D) only Jaq's suit.
Correct Answer:
Verified
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