Which of the following is LEAST likely to result in an escrow requirement by a state Administrator for securities issued in a registration by qualification?

1. AConsideration was received in the form of equipment from a company officer.
2. BThe shares were issued to an underwriter for cash at market value.✓ Correct answer
3. CThe securities were issued to promoters prior to the public offering for services rendered.
4. DThe administrator suspects that property for shares was overvalued.

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