Which of the following statements regarding a red herring is NOT true?
A) The final offering price does not appear in a red herring.
B) Additional information may be added to a red herring at a later date.
C) An agent may accept funds to be placed in escrow until the effective date if the request to do so is made by a potential purchaser.
D) A red herring is used to accept indications of interest from investors.
Answer: C) An agent may accept funds to be placed in escrow until the effective date if the request to do so is made by a potential purchaser.