17-12a506. Misrepresentations concerning registration or exemption.
17-12a506
17-12a506. Misrepresentations concerning
registration or exemption.
The filing of an application for registration, a
registration statement, a notice filing under this act, the
registration of a person, the notice filing by a person, or the
registration of a security under this act does not constitute a
finding by the administrator that a record filed under this act is
true, complete, and not misleading. The filing or registration or
the availability of an exemption, exception, preemption, or
exclusion for a security or a transaction does not mean that the
administrator has passed upon the merits or qualifications of, or
recommended or given approval to, a person, security, or
transaction. It is unlawful to make, or cause to be made, to a
purchaser, customer, client, or prospective customer or client a
representation inconsistent with this section.
History: L. 2004, ch. 154, § 35; July 1, 2005.