When the SEC Reviews a Prospectus for a New Stock

When the SEC reviews a prospectus for a new stock offering it may not:

A) rule on the merits of the offering
B) issue a deficiency letter ordering the issuer to amend the prospectus
C) issue a stop order to prevent the issue from going out for sale until corrections are made to the prospectus
D) none of the other choices may be done; the SEC only records the prospectus for public inspection
E) all of the other specific choices may be done