44-1994. Misrepresentation of effect of
registration of dealers or salesmen
Neither the fact that a dealer or salesman is registered under article 9 of this
chapter, nor the fact that the registration of the dealer or salesman has not been
denied, suspended or revoked shall be deemed a finding by the commission or by the
director that the dealer or salesman is of good business reputation, or is not lacking in
integrity, or is not insolvent, or that the application for registration of the dealer or
salesman, or any financial statement, document or exhibit filed therewith is true or
accurate, or does not contain untrue statements of material facts or omit material
facts. It is a fraudulent practice and unlawful for a dealer or salesman in connection
with any transaction involving the purchase or sale of securities to make a statement or
other representation contrary to this section.
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