Section 16501 - General fraudIt is unlawful for a person, in connection with the offer, sale or purchase of a security, directly or indirectly: [2005, c. 65, Pt. A, §2(NEW).]
1.Device, scheme, artifice. To employ a device, scheme or artifice to defraud; [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 [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. [2005, c. 65, Pt. A, §2(NEW).]