- (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.
It is unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly to:
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 32A, § 13.