After the stock market crash in 1929, the Securities and Exchange Commission (SEC) was established to protect investors from fraudulent investments and to regulate the securities industry. Based on your understanding of SEC reguiations, which of the following statements are true? Check all that apply. As soon as a company decides to sell stock to prospective investors, it starts to advertise in order to increase the marketability of its new shares 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. Companies are liable for all of the information presented in the prospectus can issue securities The SEC does not allow companies to specfty or limit which groups or types of investors to whom a company 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 accredited investors nonaccredited investors A company has to grow to a certain level before it can successfully raise copital by selling its stock to the public. At different stages, a company has different financing needs: it roises capital by reaching out to different kinds of nvestors