§ 8-1114 — Unlawful representation concerning merits of registration or exemption

Neither the fact that
an application for registration or notice filing under section 8-1103 , a notice
filing under section 8-1108.02 , or a registration statement under section 8-1106 or 8-1107 has been filed, nor the fact that
a person or security is effectively registered, shall constitute a finding
by the director that any document filed under the Securities Act of Nebraska
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
shall mean 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.
It shall be unlawful to make, or cause to be made, to any prospective purchaser,
customer, or client any representation inconsistent with this section.

Legislative History

Source: Laws 1965, c. 549, § 14, p. 1790; Laws 1997, LB 335, § 8; Laws 2013, LB214, § 7.