Unlawful Practices With Offer, Sale, or Purchase of Security

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  2. Georgia Code
  3. Commerce and Trade
  4. Georgia Uniform Securities
  5. Violations, Penalties, and Civil Liability
  6. Unlawful Practices With Offer, Sale, or Purchase of Security

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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 the 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.

(Code 1981, §10-5-50, enacted by Ga. L. 2008, p. 381, § 1/SB 358.)


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