Question

Hobie, the chief executive officer of Ideal Gamers, Inc. (IGI), inten­tionally understates the amount of IGI's debts in information provided to investors as part of an issue of IGI stock. Jaq buys the stock and suffers a loss. Hobie may be subject to
a. government prosecution and Jaq's suit.
b. neither government prosecution nor Jaq's suit.
c. only government prosecution.
d. only Jaq's suit.

Answer

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