Assuming No Exemption Applies,what Is the Penalty for a Violation

Assuming no exemption applies,what is the penalty for a violation of section 5 of the 1933 Act through offering a security for sale without an effective registration statement or by means of a noncomplying prospectus?

A) The purchaser may keep the shares if the investment proves successful; or if within one year from the date of purchase the investment proves unprofitable,the investor can get his or her money back.
B) The purchaser must keep the shares if the investment proves successful; or if within one year from the date of purchase the investment proves unprofitable,the investor will be refunded his or her money.
C) The investor has no option to keep the shares but will be refunded his or her money.
D) The investor must hold the shares for at least two years but will be refunded his or her money if the investment has failed to show a profit within that amount of time.