Jackson Foods 'IPO registration statement has been declared effective by the SEC. In the registration statement and final prospectus, Jackson foods disclose that it is in the midst of negotiating contract with an international food distributor to distribute its gourmet meat. The registration statement did not include a risk factor mentioning that the law concerning meat distribution internationally were in the process of being amended, and if the amendments were adopted as proposed, the arrangement between the two companies would have to be reconsidered. Two weeks after the effective date of the registration statement, the laws were amended, and, consequently, all of the contract talks had fallen through. Is there any duty to update either the final prospectus or registration statements and why?