{"data":{"id":"us-sd/sdcl-47-31b-506","jurisdiction":"us-sd","citation":"SDCL § 47-31B-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 director 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 director 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 47. CORPORATIONS","CHAPTER 47-31B. UNIFORM SECURITIES ACT OF 2002"],"source_url":"https://sdlegislature.gov/Statutes/47-31B-506","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"26b2e75c47d87f30c48652742f024950edfbbd795b3f1557e7661dc376d57606","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-31b-505","next":"us-sd/sdcl-47-31b-507"},"notice":"GroundRules: Original legal text. Not legal advice."}