2012 Minnesota Statutes
Chapters 80 - 83 — Securities, Commercial Regulations
Chapter 80A — Regulation of Securities
Section 80A.68 — Section 501; General Fraud
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 a 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.
History:2006 c 196 art 1 s 28,52
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