§ 14-230
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/md/business-regulation/14-230A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§14–230.
(a)In a prospectus or amendment to it, a person may not willfully make a false or misleading statement of a material fact or willfully omit to state a material fact required to be stated in the prospectus or amendment or necessary to make the statements in the prospectus or amendment not misleading.
(b)A person who violates this section is guilty of a felony and, on conviction, is subject for each violation to a fine not exceeding $10,000 or imprisonment not exceeding 5 years or both.