A state Administrator learns a misleading prospectus was used in connection with a private placement exempt from state registration under NSMIA. Which remedy is available to the Administrator?

1. AInitiate disciplinary action for antifraud violations.✓ Correct answer
2. BBlock the offering until registration documents are filed.
3. CImpose merit review and approval of the offering.
4. DRequire the issuer to register as a broker-dealer.

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