A dating app company sought to go public on a national stock exchange. The company hired a group of underwriters who assumed the risk in distributing the company's securities at the initial public offering. The managing underwriter then met with the company's board of directors and audit committee and relied on the auditor's expert opinion that the financial statements were an accurate and true depiction of the company's finances. However, the company's financial statements were inaccurate and, as a result, the registration statement that the underwriter filed with the Securities and Exchange Commission contained material misstatements and omissions. If a private securities fraud action is brought against the underwriter. What is the underwriter's best defense? A/The underwriter performed a reasonable investigation and reasonably believed that the registration contained no material misstatements or omissions. B/The underwriter had no knowledge that the registration statement contained any material misstatements or omissions