A person may not, in connection with the offer, sale, or purchase of a security, directly or indirectly,
(1) employ a device, scheme, or artifice to defraud;
(2) make an untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which they were made, not misleading; or
(3) engage in an act, practice, or course of business that operates or would operate as a fraud or deceit on another person.
Structure Alaska Statutes
Chapter 56. Alaska Securities Act
Article 3. Fraud and Liabilities.
Sec. 45.56.500. General fraud.
Sec. 45.56.510. Prohibited conduct in providing investment advice.
Sec. 45.56.520. Misleading filings.
Sec. 45.56.530. Misrepresentations concerning registration or exemption.
Sec. 45.56.540. Evidentiary burden.