17-12a501. General fraud.
17-12a501
17-12a501. General fraud.
It is unlawful for a person, in connection with
the offer, sale, or purchase of a security, directly or indirectly:
(1) To employ a device, scheme, or artifice to defraud;
(2) to make an untrue statement of a material fact, or omit to
state a material fact necessary in order to make a statement made,
in the light of the circumstances under which it is made, not
misleading; or
(3) to engage in an act, practice, or course of business that
operates or would operate as a fraud or deceit upon another person.
History: L. 2004, ch. 154, § 30; July 1, 2005.