What is the required action if prohibited dealings are conducted without prior consent?

When prohibited dealings are conducted without prior consent, the appropriate response is to initiate legal action. This is because engaging in such transactions without the required approval violates regulatory standards and can lead to significant legal and financial repercussions for the involved parties.

Legal action serves as a mechanism to address compliance failures, seek restitution, and uphold the integrity of the market. Regulatory authorities may impose sanctions, fines, or take other enforcement measures to deter similar behavior in the future. This underscores the importance of adhering to regulations and ensuring all parties are made aware of their responsibilities regarding consent and compliance.

In contrast, the notion that no action is necessary is misleading, as it implies a lack of accountability for violations, which contradicts compliance frameworks. Limiting liability solely to the offerer does not address the broader regulatory implications that can affect other participants or the integrity of the market. Similarly, the idea that all securities sold become void is an extreme measure that may not accurately reflect the legal outcome, as the specific consequences depend on the nature of the transaction and existing regulations, which could allow for remediation without annulling the securities.