§ 7-11-501 - Offers, sales, and purchases.
SECTION 7-11-501
§ 7-11-501 Offers, sales, and purchases.– In connection with the offer to sell, sale, offer to purchase, or purchase of asecurity, a person may not, directly or indirectly:
(1) Employ a device, scheme, or artifice to defraud;
(2) Make an untrue statement of a material fact or omit tostate a material fact necessary in order to make the statement made, in thelight of the circumstances under which they are made, not misleading; or
(3) Engage in an act, practice, or course of business thatoperates or would operate as a fraud or deceit on a person.