Which One of the Following Statements Is Correct

Which one of the following statements is correct?

A) Oral offers can be made for new securities during the waiting period.
B) A Green Shoe letter must be provided to all investors who purchase shares of a new equity offering.
C) Corporate directors have the authority to authorize additional shares of stock for a new issue.
D) The underwriters must approve any increase in the authorized number of shares for a firm.
E) When issuing new securities, the first step is the distribution of the prospectus.