Okla. Stat. tit. 71 § 1-501

Current through Laws 2024, c. 453.

Section 1-501 - General fraud

It is unlawful for a person, in connection with the 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 to omit to state a material fact necessary in order to make the statement made, in the light of the circumstances under which it is made, not misleading; or

3. To engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person.

Okla. Stat. tit. 71, § 1-501

Added by Laws 2003 , SB 724, c. 347, § 29, eff. 7/1/2004.