{"data":{"id":"us-me/32-m.r.s.-16506","jurisdiction":"us-me","citation":"32 M.R.S. §16506","heading":"Misrepresentations concerning licensing, registration or exemption","body":"The filing of an application for licensing, registration, a registration statement, a notice filing under this chapter, the licensing 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, licensing 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.","path":["TITLE 32: PROFESSIONS AND OCCUPATIONS","CHAPTER 135: MAINE UNIFORM SECURITIES ACT","SUBCHAPTER 5: FRAUD AND LIABILITIES"],"source_url":"https://legislature.maine.gov/statutes/32/title32sec16506.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:37Z","sha256":"9d874fa6009803a295f5da5bf4077615057bdd9513ce29206e9e29d6f2da8f7d","source_id":"us-me","stale":false,"prev":"us-me/32-m.r.s.-16505","next":"us-me/32-m.r.s.-16507"},"notice":"GroundRules: Original legal text. Not legal advice."}