A registration by qualification in State G is effective, but later the Administrator learns the company's CEO was convicted of securities fraud 4 years ago. The offering is ongoing. Which action is the Administrator MOST likely to take?

1. AIssue a retroactive stop order, halting all further sales.✓ Correct answer
2. BPermit sales to continue but require additional disclosures in the prospectus.
3. CDo nothing, as the fraud was disclosed to the Administrator.
4. DRevoke registration only if the CEO resigns.

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