Sec. 36b-24. (Formerly Sec. 36-493). Findings by commissioner.
137 words·~1 min read·
/ct/title-36b/chapter-672a-uniform-securities-act/36b-24·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Neither
(1)the fact that an application for registration under sections 36b-6 to 36b-15 , inclusive, or a registration statement under sections 36b-16 to 36b-20 , inclusive, has been filed, nor
(2)the fact that a person or security is effectively registered constitutes a finding by the commissioner that any document filed under sections 36b-2 to 36b-34 , inclusive, is true, complete and not misleading. Neither any such fact nor the fact that an exemption or exception is available for 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)No person shall make, or cause to be made, to any prospective purchaser, customer or client any representation inconsistent with subsection
(a)of this section.