(a)
(1) Neither the fact that an application for registration, a notice filing, or a registration statement has been filed nor the fact that a person or security is effectively registered constitutes a finding by the Securities Commissioner that any document filed under this chapter is true, complete, and not misleading.
(2) Neither any such fact nor the fact that an exemption or exception is available for a security or a transaction means that the commissioner 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.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 42 - Arkansas Securities Act
§ 23-42-201. Administration by Securities Commissioner — Conflicts of interest
§ 23-42-202. Delegation of authority by Securities Commissioner
§ 23-42-203. Confidentiality of information or proceedings generally
§ 23-42-204. Rules, forms, and orders of Securities Commissioner
§ 23-42-206. Records of Securities Commissioner generally — Interpretive opinions
§ 23-42-207. Public inspection of records — Exceptions
§ 23-42-208. Cooperation with other regulatory agencies
§ 23-42-209. Injunction, mandamus, or other ancillary relief