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

North Carolina Statutes

§ 78C-10 — Unlawful representations concerning registration or exemption

North Carolina § 78C-10

Ch. 78CInvestment Advisers

Art. 2Fraudulent and Prohibited Practices

This text of North Carolina § 78C-10 (Unlawful representations concerning registration or exemption) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 78C-10 (2026).

Text

(a)Neither (i) the fact that an application for registration under Article 3 of this Chapter has been filed nor (ii) the fact that a person is effectively registered constitutes a finding by the Administrator 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 means that the Administrator has passed in any way upon the merits or qualifications of, or recommended, or given approval to any person.

(b)It is unlawful to make, or cause to be made, to any prospective customer, or client, any representation inconsistent with subsection (a) of this section. (1987 (Reg. Sess., 1988), c. 1098, s. 1.) §§ 78C-11 through 78C-15: Reserved for future codification purposes.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Neither (i) the fact that an application for registration under Article 3 of this Chapter has been filed nor (ii) the fact that a person is effectively registered constitutes a finding by the Administrator 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 means that the Administrator has passed in any way upon the merits or qualifications of, or recommended, or given approval to any person.
(b) It is unlawful to make, or cause to be made, to any prospective customer, or client, any representation inconsistent with subsection (a) of this section. (1987 (Reg. Sess., 1988), c. 1098, s. 1.)
§§ 78C-11 through 78C-15: Reserved for future codification purposes.