17-12a501.   General fraud.It is unlawful for a person, in connection withthe 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 tostate a material fact necessary in order to make a statement made,in the light of the circumstances under which it is made, notmisleading; or

      (3)   to engage in an act, practice, or course of business thatoperates or would operate as a fraud or deceit upon another person.

      History:   L. 2004, ch. 154, § 30; July 1, 2005.