2011 Connecticut Code
Title 36a The Banking Law of Connecticut
Chapter 664a Administration and Enforcement
Sec. 36a-53b. Prohibited activities of licensees or registrants.

      Sec. 36a-53b. Prohibited activities of licensees or registrants. No licensee or registrant shall, in connection with the activity for which such person is licensed or registered: (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.

      (P.A. 00-61, S. 7, 9; P.A. 05-46, S. 1.)

      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.