1. Financing a start-up company Aa Aa After the stock market crash in 1929, the Securities and Exchange Commission (SEC) was established to protect nvestors from fraudulent investments and to regulate the securities industry. Based on your understanding of SEC regulations, which of the following statements are true? Check all that apply. The red herring prospectus can be distributed to potential investors, but the sale of the issuing company's stock cannot be finalized during the 20-day wait period. The SEC has jurisdiction over interstate public offerings of any amount. Companies are liable for all of the information presented in the prospectus. The SEC does not allow companies to specify or limit which groups or types of investors to whom a company can issue securities. In most public offerings, investors are classified based on their profiles. Individuals of high net worth, institutional investors, senior executives, and directors of companies are referred to as A company has to grow to a certain level before it can successfully raise capital by selling its stock to the public. At different stages, a company has different financing needs; it raises capital by reaching out to different kinds of investors