If an issuer fails to file a required amendment disclosing a material change, under what circumstances may the Administrator summarily suspend the security’s registration, and what process must follow?

1. AThe Administrator may immediately suspend and must promptly notify the issuer, giving an opportunity for a hearing✓ Correct answer
2. BThe Administrator may suspend only after a formal hearing
3. CThe Administrator must petition a court before suspending
4. DThe Administrator cannot suspend for failure to amend

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