Assume the SEC Approved the Registration Statement for a New

question 45

Multiple Choice

Assume the SEC approved the registration statement for a new securities issue this morning.Which one of the following statements must be true about this issue?

• A)The red herrings can now be distributed as their distribution was awaiting the SEC approval.
• B)The waiting period started when the approval was received this morning.
• C)The final prospectuses were all delivered or the SEC would not have approved the issue.
• D)The issuer is following all of the required rules and regulations in regards to this issue.
• E)The SEC believes the issue will be a profitable investment for all purchases made at the offer price.