13.1-520 - Crimes. - Virginia Statutes

§ 13.1-520. Crimes.

A. Any person who shall knowingly and willfully make, or cause to be made,any false statement in any book of account or other paper of any personsubject to the provisions of this chapter, or knowingly and willfully exhibitany false paper to the Commission, or who shall knowingly and willfullycommit any act declared unlawful by this chapter, with the intent to defraudany purchaser of securities or user of investment advisory services or withintent to deceive the Commission as to any material fact for the purpose ofinducing the Commission to take any action or refrain from taking any actionpursuant to this chapter, shall be guilty of a Class 4 felony.

B. Any person who shall knowingly make or cause to be made any falsestatement in any book of account or other paper of any person subject to theprovisions of this chapter or exhibit any false paper to the Commission orwho shall commit any act declared unlawful by this chapter shall be guilty ofa Class 1 misdemeanor.

C. Prosecutions under this section shall be instituted by indictments in thecourts of record having jurisdiction of felonies within three years from thedate of the offense.

(Code 1950, §§ 13-152, 13-155; 1956, c. 428; 1977, c. 484; 1987, c. 678.)