Sec. 45.56.500. General fraud.
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/ak/title-45/chapter-56/45-56-500·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 45.56.500. General fraud.
A person may not, in connection with the offer, sale, or purchase of a security, directly or indirectly,
(1)employ a device, scheme, or artifice to defraud;
(2)make an untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which they were made, not misleading; or
(3)engage in an act, practice, or course of business that operates or would operate as a fraud or deceit on another person.