CAMERON, Justice.
On 21 September 1978, defendant Robert Harlan Gunnison, Jr., was found guilty of five counts involving violations of Chapter 12 (sales of securities), Title 44 of the Arizona Revised Statutes. The Court of Appeals, Division Two, reversed as to three counts (Counts 23, 166 and 167) and affirmed as to Count 1, conspiracy to sell securities in violation of A.R.S. § 44-1991 and § 13-331,
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