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Searching 2023-2024 Session

The Vermont Statutes Online


Title 9 : Commerce and Trade

Chapter 150 : SECURITIES ACT


(Cite as: 9 V.S.A. § 5501)
  • § 5501. General fraud

    It is unlawful for a person, in connection with the offer to sell, the offer to purchase, the sale, or the 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 statements made, in light of the circumstances under which they were 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. (Added 2005, No. 11, § 1, eff. July 1, 2006.)