§ 11-301. Offers, sales, or purchases

Latest version.

   It is unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly to:

   (1) Employ any device, scheme, or artifice to defraud;

   (2) Make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or

   (3) Engage in any act, practice, or course of business which operates or would operate as a fraud or deceit on any person.

HISTORY: An. Code 1957, art. 32A, § 13; 1975, ch. 311, § 2.

                    
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