A banker negligently fails to review updated financials and repeats outdated, inaccurate statements to a client. The client loses money. Which of the following best describes the banker’s liability?

1. ASubject to criminal prosecution for fraud
2. BSubject to civil liability for negligent misrepresentation, but not fraud✓ Correct answer
3. CNo liability since the conduct was unintentional
4. DStrict liability for fraud under the USA

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