A. The granting of a securities permit is permissive only and shall not constitute an endorsement or approval by the superintendent or any other agency or department of the state of New Mexico of any person or thing related to the offering of securities or constitute evidence of the completeness or accuracy of information presented in any prospectus or other sales publicity or literature, or a recommendation of purchase of any securities offered. The existence of the permit shall not be advertised or used as an inducement in any solicitation.
B. Each permit issued by the superintendent shall state conspicuously in boldface type the substance of Subsection A of this section in terminology prescribed by the superintendent.
History: Laws 1984, ch. 127, § 601; 1999, ch. 289, § 28; 2013, ch. 74, § 31.
The 2013 amendment, effective March 29, 2013, provided that granting a securities permit is not an endorsement or approval by the superintendent of insurance; and in Subsection A, in the first sentence, after "superintendent", deleted "public regulation commission".
The 1999 amendment, effective June 18, 1999, substituted "public regulation commission" for "corporation commission, state insurance board" in the first sentence of Subsection A.
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