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