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5) Under the Securities Act of 1933, liability is imposed for improper offers and sales when:
A) a person offers or sells unregistered and nonexempt securities in violation of the Act.
B) the issuer inadvertently omits a few material facts in the registration statement.
C) the investor finds that the registration statement for the security contained an untrue statement.
D) a person sells his securities to another private party without notifying the Securities and Exchange Commission.
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