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§ 1-401. Sales and purchases

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 70 P.S. Securities

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 70 P.S. Securities (Refs & Annos)
Chapter 1.5. Pennsylvania Securities Act of 1972 (Refs & Annos)
Part IV. Fraudulent and Prohibited Practices (Refs & Annos)
70 P.S. § 1-401
§ 1-401. Sales and purchases
Currentness
It is unlawful for any person, in connection with the offer, sale or purchase of any security in this State, directly or indirectly:
(a) To employ any device, scheme or artifice to defraud;
(b) 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
(c) To engage in any act, practice or course of business which operates or would operate as a fraud or deceit upon any person.

Credits

1972, Dec. 5, P.L. 1280, No. 284, § 401, effective Jan. 1, 1973.
70 P.S. § 1-401, PA ST 70 P.S. § 1-401
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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