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Which of the following is the best explanation / rationale for the Risk Section of a typical prospectus being the largest section of that document?

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Which of the following is the best explanation / rationale for the Risk Section of a typical prospectus being the largest section of that document? It is easiest to write In order to avoid the risk of fraud by commission In order to present information in a way that is confusing to its competitors In order to avoid the risk of fraud by omission

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