What are the remedies for misrepresentation? Which of the following is correct?

A false misrepresentation allows for a criminal prosecution and court orders for penalties against the party making the false statements

There is no distinction between innocent and false misrepresentation, either will allow a claim in substantial damages for the very act of making a false statement

The remedies for innocent misrepresentation is that the representor is liable for those statements, equity might allow rescission and recovery of monies, otherwise for false representation the party suffering the falsity can rescind the contract

Under equity it possible to seek a remedy for misrepresentation, under common law it is not possible to receive a remedy, since common law requires both parties to act in their own interests