A client purchases a security on January 1, 2022, and discovers a material omission on March 1, 2024. The client files suit on February 28, 2025. Is the suit timely?

1. AYes, because it is within three years of purchase
2. BYes, because it is within two years of discovery
3. CNo, because it is not within three years of purchase✓ Correct answer
4. DNo, because it is not within two years of discovery

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