Under the Securities Act of 1933, which of the following would be considered a prospectus?
I. Tombstone advertisement.
II. Television advertisement that makes full disclosure of all material facts.
III. Offer communicated over the telephone.
A) II only.
B) I and II.
C) I and III.
D) III only.
Answer: A) II only- Television advertisement that makes full disclosure of all material facts.