Oklahoma Statutes
§ 71-1-501 — General fraud.
Oklahoma·Title 71 Securities
It is unlawful and shall be deemed a Class C2 felony offense for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly: 1. To employ a device, scheme, or artifice to defraud; 2. To make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statement made, in the light of the circumstances under which it is made, not misleading; or 3. 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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Legislative History
Added by Laws 2003, c. 347, § 29, eff. July 1, 2004. Amended by Laws 2025, c. 486, § 291, eff. Jan. 1, 2026.
Nearby Sections
15
§ 71-1-101
Short title.§ 71-1-102
Definitions.§ 71-1-103
References to federal statutes.§ 71-1-104
References to federal agencies.§ 71-1-105
Electronic records and signatures.§ 71-1-201
Exempt securities.§ 71-1-202
Exempt transactions.§ 71-1-203
Additional exemptions and waivers.§ 71-1-301
Securities registration requirement.§ 71-1-303
Securities registration by coordination.§ 71-1-305
Registration filings.