Statutes > Idaho Statutes > TITLE 30 CORPORATIONS > CHAPTER 14 UNIFORM SECURITIES ACT (2004) > PART 5. FRAUD AND LIABILITIES > 30-14-506 MISREPRESENTATIONS CONCERNING REGISTRATION OR EXEMPTION.

30-14-506 MISREPRESENTATIONS CONCERNING REGISTRATION OR EXEMPTION.

TITLE 30

CORPORATIONS

CHAPTER 14

UNIFORM SECURITIES ACT (2004)

PART 5.

FRAUD AND LIABILITIES

30-14-506. Misrepresentations concerning registration or exemption. The filing of an application for registration, a registration statement, a notice filing under this chapter, the registration of a person, the notice filing by a person, or the registration of a security under this chapter does not constitute a finding by the administrator that a record filed under this chapter 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.