Company ABC, whose securities are registered in State Q, learns of a data breach affecting thousands of customers. Under the USA, what is its disclosure obligation?

1. AIt must promptly disclose the data breach if it is material to investors✓ Correct answer
2. BDisclosure is required only after the investigation is complete
3. CDisclosure is not required unless the breach is publicized in the media
4. DNo disclosure is necessary if the company takes corrective action

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