{"data":{"id":"us-wi/wis.-stat.-551.506","jurisdiction":"us-wi","citation":"Wis. Stat. § 551.506","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 administrator 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 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":["Chs. 551-553, Investment Regulation and Business Development","Chapter 551 Wisconsin Uniform Securities Law","SUBCHAPTER V FRAUD AND LIABILITIES"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/551.506","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:28Z","sha256":"cf59191a8e8df4cddf4ede6d230c2caf1a5f6fc48dc6d7fcd1790cd06e94fce1","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-551.505","next":"us-wi/wis.-stat.-551.507"},"notice":"GroundRules: Original legal text. Not legal advice."}