§ 7-11-501. Offers, sales, and purchases.
In connection with the offer to sell, sale, offer to purchase, or purchase of a security, a person may not, 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 in order to make the statement made, in the light of the circumstances under which they are 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 a person.
History of Section.P.L. 1990, ch. 460, § 2.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-11 - Rhode Island Uniform Securities Act
Part V - Fraudulent and Other Prohibited Practices
Section 7-11-501. - Offers, sales, and purchases.
Section 7-11-502. - Market manipulation.
Section 7-11-503. - Prohibited transactions by investment advisers, federal covered advisers.
Section 7-11-504. - Misleading filings.
Section 7-11-505. - Unlawful representations concerning licensing, registration, or exemption.