Section 101. It is unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly
(1) to employ any device, scheme, or artifice to defraud,
(2) to make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading, or
(3) to engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Chapter 110a - Uniform Securities Act
Section 101 - Sales and Purchases
Section 102 - Advisory Activities
Section 201 - Registration Requirement
Section 202 - Registration Procedure
Section 203 - Post–registration Provisions
Section 203a - Document Disclosing Material Facts
Section 204 - Denial, Revocation, Suspension, Cancellation, and Withdrawal of Registration
Section 301 - Registration Requirement
Section 302 - Registration by Coordination
Section 303 - Registration by Qualification
Section 304 - Provisions Applicable to Registration Generally
Section 305 - Denial, Suspension, and Revocation of Registration
Section 306 - Federal Covered Securities
Section 403 - Filing of Sales and Advertising Literature
Section 404 - Misleading Filings
Section 405 - Unlawful Representations Concerning Registration or Exemption
Section 406 - Administration of Chapter
Section 407 - Investigations and Subpoenas
Section 407a - Violations; Cease and Desist Orders; Costs
Section 409 - Criminal Penalties
Section 410 - Civil Liabilities
Section 411 - Judicial Review of Orders
Section 412 - Rules, Forms, Orders, and Hearings
Section 413 - Administrative Files and Opinions
Section 414 - Scope of the Act and Service of Process