(a) Neither the fact that an application for registration under Section 8-6-3 or a registration statement under Sections 8-6-5, 8-6-6 or 8-6-7 has been filed, nor the fact that a person or security is effectively registered constitutes a finding by the Securities Commission that any document filed under this article is true, complete, and not misleading.
(b) Neither any such fact nor the fact that an exemption or exception is available for a security or a transaction means that the Securities Commission has passed in any way upon the merits or qualifications of or recommended or given approval to any person, security, or transaction.
(c) It is unlawful to make, or cause to be made, to any prospective purchaser, customer, or client any representation inconsistent with this section.
Structure Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Article 1 - General Provisions.
Section 8-6-3 - Registration and Bonds of Dealers, Agents, Investment Advisers, Etc.
Section 8-6-4 - Registration of Securities - Required; Exceptions.
Section 8-6-5 - Registration of Securities - Registration by Notification.
Section 8-6-6 - Registration of Securities - Registration of Certain Securities by Coordination.
Section 8-6-7 - Registration of Securities - Registration by Qualification.
Section 8-6-9 - Registration of Securities - Denial, Suspension and Revocation of Registration.
Section 8-6-10 - Registration of Securities - Exempt Securities.
Section 8-6-11 - Registration of Securities - Exempt Transactions.
Section 8-6-15 - Investigations and Subpoenas by Commission.
Section 8-6-17 - Prohibited Acts Regarding Offer, Sale, or Purchase of Securities.
Section 8-6-18 - Criminal Penalties for Violations of Article; Enforcement; Scienter.
Section 8-6-19 - Civil Liabilities of Sellers, Agents, etc.; Remedies of Purchasers.
Section 8-6-23 - Making, Amending, and Rescinding Rules and Prescribing Forms by Commission.
Section 8-6-24 - Liability for Acts Done or Omitted in Good Faith Under Rules, Forms, or Orders.
Section 8-6-25 - Hearings to Be Public; Requests for Private Hearings.
Section 8-6-26 - Document Deemed Filed When Received.
Section 8-6-27 - Commission to Keep Register; Register to Be Open for Public Inspection.
Section 8-6-29 - Interpretative Opinions by Commission.
Section 8-6-30 - Burden of Proving Exemption or Exception From Definition.
Section 8-6-31 - Commission May Issue Warnings to Public and Publish Information Regarding Orders.