Ted buys Synchotic Corporation shares based on Synchotic's announcement of record earnings. But just a few days later, on July 1, 2010, Synchotic admits that its earnings had been artificially inflated via fraudulent earnings management. Its stock price drops dramatically that day, and Ted makes a significant loss. Ted wishes to bring a 1934 Act securities-fraud lawsuit against Synchotic. In terms of the statute of limitations, when must Ted bring his lawsuit?
A. Within one year of when he should have discovered the fraud or within three years of the fraud.
B. Within one year of when he should have discovered the fraud and within three years of the fraud.
C. Within two years of when he should have discovered the fraud or within five years of the fraud.
D. Within two years of when he should have discovered the fraud and within five years of the fraud.