North Carolina Statutes
§ 78A-11 — Unlawful telephone rooms
North Carolina·Ch. 78A North Carolina Securities Act·Art. 2 Fraudulent and Other Prohibited Practices
It is unlawful for any person to willfully manage, supervise, control, or own, directly or indirectly, either alone or in association with others, any telephone room in this State. For purposes of this section, "telephone room" means an enterprise in which two or more persons engage in telephone communications with members of the public using two or more telephones at one location, or more than one location in a common scheme or enterprise, in violation of G.S. 78A-8 or G.S. 78A-12. It is an affirmative defense to a prosecution under this section that the person acted in good faith and did not directly or indirectly induce an act or acts constituting a violation of G.S. 78A-8 or G.S. 78A-12.
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North Carolina § 78A-11 (Unlawful telephone rooms) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(1991, c. 456, s. 1.)
Nearby Sections
15
§ 78A-1
Title§ 78A-11
Unlawful telephone rooms§ 78A-12
Manipulation of market§ 78A-16
Exempt securities§ 78A-17
Exempt transactions§ 78A-17.1
Invest NC exemption§ 78A-2
Definitions§ 78A-24
Registration requirement§ 78A-25
Registration by notification§ 78A-26
Registration by coordination§ 78A-27
Registration by qualification