§16501. General fraud
It is unlawful for a person, in connection with the offer, sale or purchase of a security, directly or indirectly:
[PL 2005, c. 65, Pt. A, §2 (NEW).]
1.
Device, scheme, artifice.
To employ a device, scheme or artifice to defraud;
[PL 2005, c. 65, Pt. A, §2 (NEW).]
2.
Untrue statement of or omission of material fact.
To make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or
[PL 2005, c. 65, Pt. A, §2 (NEW).]
3.
Fraud, deceit.
To engage in an act, practice or course of business that operates or would operate as a fraud or deceit upon another person.
[PL 2005, c. 65, Pt. A, §2 (NEW).]
SECTION HISTORY
PL 2005, c. 65, §A2 (NEW).