§ 12.70. Partial compliance not deemed compliance.
70 words·~1 min read·
/us/cfr/t28/s§ 12.70·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The fact that a registration statement has been filed shall not necessarily be deemed a full compliance with the act on the part of the registrant; nor shall it preclude prosecution, as provided for in the act, for willful failure to file a registration statement, or for a willfully false statement of a material fact therein, or for the willful omission of a material fact required to be stated therein.