Arizona Revised Statutes Title 44. Trade and Commerce § 44-1841. Sale of unregistered securities prohibited;  classification

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   1 or are federal covered securities if the securities comply with § 44-1843.02 or chapter 13, article 12 of this title.   2

B. A person violating this section is guilty of a class 4 felony.

1 Sections 44-1861 et seq., 44-1871 et seq.
2 Section 44-3321 et seq.

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