An investor who has purchased an unregistered security can rescind their purchase, but not recover damages.

Name: An investor who has purchased an unregistered security can rescind their purchase, but not recover damages.
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An investor who has purchased an unregistered security may have the right to rescind the purchase and recover damages under certain securities laws, such as the Securities Act of 1933 in the United States.

An Investor Who Has Purchased an Unregistered Security Can Rescind