# Corporations and Associations (GCA)

## Title 11. Maryland Securities Act

### Subtitle 3. Fraudulent and Other Prohibited Practices

#### Section 11-306

A person who engages in the business of effecting transactions in securities for the account of others or for the person's own account or who acts as a broker-dealer or agent may not engage in dishonest or unethical practices in the securities or investment advisory business.

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Md. Code Ann., Corps. & Ass'ns (as displayed at mgaleg.maryland.gov, October 16, 2026)