76-16-403. Fraudulent practice to affect market price.
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/ut/title-76/chapter-16/76-16-403A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
76-16-403. Fraudulent practice to affect market price.
(1)Terms defined in Sections 76-1-101.5 , 76-16-101 , and 76-16-401 apply to this section.
(2)An actor commits fraudulent practice to affect market price if the actor willfully makes or publishes a false statement, spreads a false rumor, or employs any other false or fraudulent means or device, with the intent to affect the market price of any kind of property.
(3)A violation of Subsection
(2)is:
(a)a class B misdemeanor; and
(b)subject to a fine of not less than $500 and no more than $4,000 for each offense.
Renumbered and Amended by Chapter 173 , 2025 General Session