Bob buys a share of Atlas Pizza, which is unregistered.If it was not exempt from registration, Bob may return the stock and get his money back.

Name: Bob buys a share of Atlas Pizza, which is unregistered.If it was not exempt from registration, Bob may return the stock and get his money back.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If a security is sold without proper registration and is not exempt, the buyer may have the right to rescind the purchase and get their money back under securities laws.

Bob Buys a Share of Atlas Pizza, Which Is Unregistered