409.5-501. General fraud. - Missouri Statutes

General fraud.

409.5-501. 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 tostate a material fact necessary in order to make the statement made, in thelight of the circumstances under which it is made, not misleading; or

(3) To engage in an act, practice, or course of business thatoperates or would operate as a fraud or deceit upon another person.

(L. 2003 H.B. 380)

Effective 9-01-03