Which of the below statements is TRUE?

Question

Quizplus · Accepted Answer

The registration statement must be reviewed and approved by the SEC's Division of Corporate Finance before a public offering can be made. The filing of a registration statement with the SEC doesn't necessarily mean that the security can be offered to the public. When the SEC declares the registration statement is "effective," it means that the offering can be made, and an amendment can be filed only if it doesn't delay the offering. The approval of the SEC doesn't mean that the securities have investment merit or are properly priced or that the information is accurate.

Which of the Below Statements Is TRUE