the announcement of a new security that may become available for purchase.
C.
the only type of advertisement that an investment advisory firm is allowed to use.
D.
an offer to sell a new security that is being issued by an Arizona firm.
The Answer Is:
B
This question includes an explanation.
Explanation:
A tombstone advertisement is an announcement of a new security that may become available for purchase. It is the only type of advertisement that is allowed during the “cooling off period” once a firm has filed a registration statement for a new security. It is not an offer to sell the security, an act that is strictly prohibited during this period.
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