§ 11-301
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/md/corporations-and-associations/11-301·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11–301.
It is unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly to:
(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.