23-42-212. Registration or availability of exemption not construed as approval by Securities Commissioner — Inconsistent representation.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-42-212. Registration or availability of exemption not construed as approval by Securities Commissioner — Inconsistent representation.

23-42-212. Registration or availability of exemption not construed as approval by Securities Commissioner — Inconsistent representation. (a)(1) Neither the fact that an application for registration, a notice filing, or a registration statement has been filed nor the fact that a person or security is effectively registered constitutes a finding by the Securities Commissioner that any document filed under this chapter is true, complete, and not misleading. (2) Neither any such fact nor the fact that an exemption or exception is available for a security or a transaction means that the commissioner has passed in any way upon the merits or qualifications of, or recommended or given approval to, any person, security, or transaction. (b) It is unlawful to make, or cause to be made, to any prospective purchaser, customer, or client any representation inconsistent with subsection (a) of this section.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-42-212

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.