Title 7
Corporations, Associations, and Partnerships

Chapter 11
Rhode Island Uniform Securities Act

Part V
Fraudulent and Other Prohibited Practices

R.I. Gen. Laws 7-11-501

 7-11-501.  Offers, sales, and purchases.

In connection with the offer to sell, sale, offer to purchase, or purchase of a security, a person may not, directly or indirectly:

(1) Employ a device, scheme, or artifice to defraud;

(2) Make an untrue statement of a material fact or omit to state a material fact necessary in order to make the statement made, in the light of the circumstances under which they are made, not misleading; or

(3) Engage in an act, practice, or course of business that operates or would operate as a fraud or deceit on a person.

History of Section.
P.L. 1990, ch. 460, 2.