Sale of unregistered securities prohibited; classification
Applied in 6 court decisions — leading case Sullivan v. First Affiliated Securities, Inc. (1987)
Most recently applied in Simon v. Boccarsi (In re Boccarsi) (December 2017)
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
A. It is unlawful to sell or offer for sale within or from this state any securities unless the securities have been registered pursuant to article 6 or 7 of this chapter or are federal covered securities if the securities comply with section 44-1843.02 or chapter 13, article 12 of this title.
B. A person violating this section is guilty of a class 4 felony.
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.