Connecticut § 36a-53b Prohibitions re activities subject to jurisdiction of commissioner.

Connecticut Statutes

§ 36a-53b — Prohibitions re activities subject to jurisdiction of commissioner.

Connecticut § 36a-53b

Title 36aThe Banking Law of Connecticut

Ch. 664aAdministration and Enforcement

This text of Connecticut § 36a-53b (Prohibitions re activities subject to jurisdiction of commissioner.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 36a-53b (2026).

Text

No person shall, in connection with any activity subject to the jurisdiction of the commissioner:

(1)Employ any device, scheme or artifice to defraud;

(2)make any untrue statement of a material fact or 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) 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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No person shall, in connection with any activity subject to the jurisdiction of the commissioner: (1) Employ any device, scheme or artifice to defraud; (2) make any untrue statement of a material fact or 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) engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.

Legislative History

(P.A. 00-61, S. 7, 9; P.A. 05-46, S. 1; P.A. 11-216, S. 4.) History: P.A. 00-61 effective July 1, 2000; P.A. 05-46 included registrants in the prohibition against engaging in fraudulent conduct in connection with the activities for which they are registered; P.A. 11-216 replaced “licensee or registrant” with “person” and “the activity for which such person is licensed or registered” with “any activity subject to the jurisdiction of the commissioner”.