An agent in State X tells a client, 'This security is registered with the Administrator, so it is guaranteed to be safe.' Is this statement permissible under the Uniform Securities Act?

1. AYes, because registered securities are less risky
2. BNo, because it misrepresents the effect of registration✓ Correct answer
3. CYes, as long as the security is truly registered
4. DNo, because only federal registration guarantees safety

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