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    The filing of an application for registration, a registration statement, a notice filing under this
chapter, the registration of a person, the notice filing by a person, or the registration of a security
under this chapter does not constitute a finding by the administrator that a record filed under
this chapter is true, complete, and not misleading. The filing or registration or the availability
of an exemption, exception, preemption, or exclusion for a security or a transaction does not
mean that the administrator has passed upon the merits or qualifications of, or recommended or
given approval to, a person, security, or transaction. It is unlawful to make, or cause to be made,
to a purchaser, customer, client, or prospective customer or client a representation inconsistent
with this section.
History: 2006 c 196 art 1 s 33
NOTE: This section, as added by Laws 2006, chapter 196, article 1, section 33, is effective
August 1, 2007. Laws 2006, chapter 196, article 1, section 52.

Official Publication of the State of Minnesota
Revisor of Statutes