An issuer who sells mutual funds that have been registered under the Securities Act of 1933 is allowed to make which of the following statements?
1) Statement 1: The mutual funds are guaranteed to provide a fixed rate of return.
2) Statement 2: The mutual funds are exempt from all taxes.
3) Statement 3: The mutual funds are backed by the full faith and credit of the U.S. government.
4) Statement 4: The mutual funds are subject to market risk and may lose value.