Under the Securities Act of 1933,which of the following is true about activities of the issuer during the "waiting period?"

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During the waiting period, the issuer may not make offers to sell the securities but can distribute a preliminary prospectus. The waiting period is the time between the filing of the registration statement with the SEC and its effective date. During this period, the SEC reviews the registration statement and provides comments to the issuer for amendments before the statement can become effective. The issuer can also make preliminary sales to accredited investors during the waiting period, subject to certain conditions. The issuer cannot condition the market during the post-effective period, i.e., after the registration statement becomes effective. The issuer can place tombstone ads after the effective date of the registration statement.

Under the Securities Act of 1933,which of the Following Is