1. Neither the fact that an application for licensing or a statement has been filed under this chapter, nor the fact that a person is licensed or a security is registered under this chapter constitutes a finding by the Administrator that any record filed under this chapter is true, complete and not misleading. Neither of those facts nor the fact that an exemption or exception is available for a security or a transaction means that the Administrator has passed upon the merits or qualifications of, or recommended or given approval to, any person, security or transaction.
2. It is unlawful to make, or cause to be made, to a purchaser, customer or client a representation inconsistent with subsection 1.
(Added to NRS by 1987, 2179; A 1989, 160; 2003, 3175)