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4-16 Hedley, Hadley Publishes an advertisement in all of the leading financial newspaper announcing that it is the lead underwriter for a public offering of

4-16 Hedley, Hadley Publishes an advertisement in all of the leading financial newspaper announcing that it is the lead underwriter for a public offering of 4 million Omega common shares. The advertisement also identifies the other underwriters and states that a person prospectus can be acquired from any of the underwriters listed in the advertisement.

Does this scenario violate Section 5 of securities act?

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