Maine § 32 §16501 General fraud

Maine Statutes

§ 32 §16501 — General fraud

Maine·Title 32 PROFESSIONS AND OCCUPATIONS·Ch. 135 MAINE UNIFORM SECURITIES ACT

It is unlawful for a person, in connection with the offer, sale or purchase of a security, directly or indirectly:

1.Device, scheme, artifice. To employ a device, scheme or artifice to defraud;

2.Untrue statement of or omission of material fact. To make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or

3.Fraud, deceit. To engage in an act, practice or course of business that operates or would operate as a fraud or deceit upon another person.

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It is unlawful for a person, in connection with the offer, sale or purchase of a security, directly or indirectly:
1.
Device, scheme, artifice.
To employ a device, scheme or artifice to defraud;
2.
Untrue statement of or omission of material fact.
To make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or
3.
Fraud, deceit.
To engage in an act, practice or course of business that operates or would operate as a fraud or deceit upon another person.

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