§ 11–301
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 11-301 (2026)
Title 11. Maryland Securities Act
Subtitle 3. Fraudulent and Other Prohibited Practices
§ 11–301LinkCopy Citation
It is unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly to:
(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 on any person.