Fact Pattern 22-1 Rodney Is Unhappy Because Stock He Recently Purchased Pursuant to Purchased

Fact pattern 22-1
Rodney is unhappy because stock he recently purchased pursuant to an initial public offering has lost value.He would like to get his money back.While he has not real basis for believing that the issuance of stock was illegal,he believes that if he sues,his money will be returned because that would be less expensive than litigation.He decides that his best bet is to sue the issuer in federal court under Section 12 of the 1933 Act alleging that the securities he purchased were offered without an effective registration statement and by mean dos a noncomplying prospectus.He consults,Benny,a recent law school graduate who just passed the bar,regarding his plan.Benny really needs to make some money and is considering filing a lawsuit for Rodney.Benny figures that if the plan does not work,he can always just drop the lawsuit.
-Refer to fact pattern 22-1.Should Benny have any concerns personally regarding institution of the litigation?

A) No,since he is only acting as Rodney's attorney,Rodney would be responsible for any inaccurate court filings.
B) Yes,he could be sanctioned under Rule 11 of the Federal Rules of Civil Procedure.
C) There are no federal rules under which Benny could be sanctioned,but he could receive a reprimand pursuant to his state board of professional responsibility.
D) No,because as a recent law school graduate,he has a learning curve period of one year before any rules pertaining to sanctions for court filings would take effect.