2010 Georgia Code
TITLE 10 - COMMERCE AND TRADE
CHAPTER 5 - GEORGIA UNIFORM SECURITIES
ARTICLE 5 - VIOLATIONS, PENALTIES, AND CIVIL LIABILITY
§ 10-5-50 - Unlawful practices with offer, sale, or purchase of security

O.C.G.A. 10-5-50 (2010)
10-5-50. Unlawful practices with offer, sale, or purchase of security


It is unlawful 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.