An issuer has already filed a registration and prospectus for its IPO. It then distributes to the media a brief description of the issuer's general business and the intended use of proceeds of the offering. Which of the following is true regarding this press release?
A) It is considered a prospectus and must be filed with the SEC.
B) It is not considered a prospectus, because the SEC assumes that investors already know this information.
C) It is not considered a prospectus, because prospectus requirements do not extend beyond the date of registration.
D) It is not considered a prospectus, because general information about the issuer and the offering is permitted once the prospectus has been filed.
Answer: D