{"data":{"id":"us-sc/s.c.-code-ann.-35-1-506","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 35-1-506","heading":"Misrepresentations concerning registration or exemption.","body":"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 Securities Commissioner 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 Securities Commissioner 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 35 - SECURITIES","CHAPTER 1 South Carolina Uniform Securities Act of 2005","ARTICLE 5 Fraud and Liabilities"],"source_url":"https://www.scstatehouse.gov/code/t35c001.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:07:29Z","sha256":"aa30c692f7ea6b4b87dd524176eb29e33bc9ac207a237f0442aa4b10732e33da","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-35-1-505","next":"us-sc/s.c.-code-ann.-35-1-507"},"notice":"GroundRules: Original legal text. Not legal advice."}