Giant Investments Filed a Registration Statement with the SEC for a New

Giant Investments filed a registration statement with the SEC for a new fund it wanted to introduce and has received word that the registration statement is now effective. Based on this, Jack, a registered representative with Giant Investments, can tell a client that:

A) because the SEC has recently announced the fund's registration statement effective, the client can rest assured that it is a sound long-term investment.
B) the SEC pronouncement on the effectiveness of the registration statement means only that the SEC has deemed that enough information has been provided in the registration statement for the client to judge the quality of the investment for himself.
C) the SEC warrants that there have been no misstatements of fact in the registration statement.
D) because the SEC has recently approved the fund, it is likely to be a much safer investment than other, older funds in the same fund category.