B is corrent. A preliminary prospectus is usually called a "red-herring’ prospectus. The preliminary prospectus indicates that a registration statement has been filed but has not become effective. A is incorrect. A preliminary prospectus is usually called a "red-herring" prospectus. The preliminary prospectus indicates that a registration statement has been filed but has not become effective. A is incorrect. A preliminary prospectus is usually called a "red-herring" prospectus. The preliminary prospectus indicates that a registration statement has been filed but has not become effective. D is incorrect. A preliminary prospectus is usually called a "red-herring" prospectus. The preliminary prospectus indicates that a registration statement has been filed but has not become effective.
