Question

Mary, the chief executive officer of Nationwide Service, Inc. (NSI), intentionally misrepresents material facts in information provided to investors as part of an issue of stock in NSI. Owen buys the stock and suffers a loss. Mary may be subject to
a. government prosecution and Owen's private suit.
b. neither government prosecution nor Owen's private suit.
c. only government prosecution.
d. only Owen's private suit.

Answer

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