80A.68 SECTION 501; GENERAL FRAUD.
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/mn/chapter-80/80a-68A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
80A.68 SECTION 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 a 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.