Arkansas § 23-42-507 Fraud or deceit in connection with offer, sale, or purchase of securities

Arkansas Statutes

§ 23-42-507 — Fraud or deceit in connection with offer, sale, or purchase of securities

Arkansas § 23-42-507

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This text of Arkansas § 23-42-507 (Fraud or deceit in connection with offer, sale, or purchase of securities) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-42-507 (2026).

Text

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.

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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.