{"data":{"id":"us-ri/r.i.-gen.-laws-7-11-505","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-11-505","heading":"Unlawful representations concerning licensing, registration, or exemption.","body":"(a) Neither the fact that a notice filing or an application for licensing or a registration 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 director that a document 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 director has passed upon the merits or qualifications of, or recommended or given approval to, a person, security, or transaction.\n(b) No person may make, or cause to be made, to a purchaser, customer, or client a representation inconsistent with subsection (a) of this section.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 11 Rhode Island Uniform Securities Act","Part V Fraudulent and Other Prohibited Practices"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-11/7-V/7-11-505.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:20:39Z","sha256":"49f5d800f3db5833a34db78bae0ce0f407df4fc2cd6ec29e94a6cd16ddd4100f","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-11-504","next":"us-ri/r.i.-gen.-laws-7-11-601"},"notice":"GroundRules: Original legal text. Not legal advice."}