West Virginia § 32-1-101 Sales and purchases

West Virginia Statutes

§ 32-1-101 — Sales and purchases

West Virginia § 32-1-101

Ch. 32UNIFORM SECURITIES ACT

Art. 1FRAUDULENT AND OTHER PROHIBITED PRACTICES

This text of West Virginia § 32-1-101 (Sales and purchases) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 32-1-101 (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.