Which of the following observations concerning mutual funds and hedge funds is$/$are NOT true?

A$.$ Both are pooled investment vehicles.

B$.$ Historically, mutual funds were not required to register with the SEC.

C$.$ Historically, hedge funds were subject to virtually no regulatory oversight.

D$.$ Mutual funds usually take significant risk.

E$.$ Hedge funds have to disclose their activities to third parties.

A$,$B$,$C$,$D$,$E$.$

A$,$C$.$

A$,$B$,$D$.$