Which of the Following Is True Regarding "Holder" Claims

Which of the following is true regarding "holder" claims?

A) They are disallowed by federal statute.
B) State law is preempted, and they are allowed under federal law only if the plaintiff purchased securities issued under fraudulent pretenses.
C) They may be allowed under blue sky laws as either individual or class actions.
D) They may be allowed under blue sky laws, but not as class actions.