§ 73-210 — Unlawful representations concerning registration, notice filing or exemption

(a) Neither the fact that a notice filing under this chapter, an application for registration under this chapter, or a registration statement under this chapter has been filed, nor the fact that a person or security is effectively registered, constitutes a finding by the Director that any document filed under this chapter is true, complete and not misleading. Neither any such fact nor the fact that an exemption or exception is available for a security or a transaction means that the Director 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.

Legislative History

6 Del. C. 1953, § 7311; 59 Del. Laws, c. 208, § 1 ; 71 Del. Laws, c. 162, §§ 12, 13 ; 78 Del. Laws, c. 175, §§ 96, 118 ; 79 Del. Laws, c. 182, § 3