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  3. 1. the initial purchaser of common stock of an iss

1. The initial purchaser of common stock of an issuer sustains a loss. Legal Situations...

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Accounting

1. The initial purchaser of common stock of an issuer sustains a loss. Legal Situations 2. A bank loses money that it loaned to an issuer in reliance upon financial statements filed with the SEC. 3. 5. Compiled financial statements of a nonpublic company are discovered to include material misstatements. 4. A stockholder sustains a loss when he purchases 100 shares of stock in a public company (issuer) from another stockholder in reliance upon audited financial statements included in Form 10-K Accounting related consulting services resulted in a system that misstated income of a nonpublic company. Law

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