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Can you summarize 44 AZRS Chapter 13, Article 9?
INVESTMENT MANAGEMENTSec: 44-3101-44-3325 >
Short Summary
The provided legal document content governs fraud in the provision of investment advisory services in the state of Arizona. It applies to any person involved in a transaction or transactions within or from Arizona that involve the provision of investment advisory services. The document prohibits fraudulent practices such as employing devices, schemes, or artifices to defraud, making untrue statements of material fact, misrepresenting professional qualifications, or engaging in any transaction, practice, or course of business that operates as a fraud or deceit. Violators of this section are liable to any person for all losses incurred as a result of the violation, along with interest, court costs, and reasonable attorney fees. A civil action must be brought within three years after the violation or within two years after discovery of the violation. Violators are also guilty of a class 4 felony.
Whom does it apply to?
Any person involved in a transaction or transactions within or from the state of Arizona that involve the provision of investment advisory services
What does it govern?
Fraud in the provision of investment advisory services
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Violators are liable to any person for all losses incurred as a result of the violation, along with interest, court costs, and reasonable attorney fees. Violators are also guilty of a class 4 felony.
Jurisdiction
Arizona