§ 78C-10. Unlawful representations concerning registration or exemption. - North Carolina Statutes

§78C‑10.  Unlawful representations concerning registration or exemption.

(a)        Neither (i) thefact that an application for registration under Article 3 of this Chapter hasbeen filed nor (ii) the fact that a person is effectively registeredconstitutes a finding by the Administrator that any document filed under thisChapter is true, complete, and not misleading.  Neither any such fact nor thefact that an exemption or exception is available means that the Administratorhas passed in any way upon the merits or qualifications of, or recommended, orgiven approval to any person.

(b)        It is unlawful tomake, or cause to be made, to any prospective customer, or client, anyrepresentation inconsistent with subsection (a) of this section. (1987(Reg. Sess., 1988), c. 1098, s. 1.)