SkipCaptcha
3,995
edits
Changes
Jump to navigation
Jump to search
Line 7:
Line 7: − + + + + + + + + + + + + + + + + + + + + + + + +
quote
|date=March 10, 2008}}</ref>
|date=March 10, 2008}}</ref>
The Martin Act is codified at New York General Business Law article 23-A, sections 352–353,<ref>http://public.leginfo.state.ny.us/lawssrch.cgi?NVLWO: Retrived Sept. 4, 2017</ref>
The Martin Act is codified at New York General Business Law article 23-A, sections 352–353,<ref>http://public.leginfo.state.ny.us/lawssrch.cgi?NVLWO: Retrived Sept. 4, 2017</ref> It reads in part:
<blockquote>1. It
shall be illegal and prohibited for any person, partnership,
corporation, company, trust or association, or any agent or employee
thereof, to use or employ any of the following acts or practices:
(a) Any fraud, deception, concealment, suppression, false pretense or
fictitious or pretended purchase or sale;
(b) Any promise or representation as to the future which is beyond
reasonable expectation or unwarranted by existing circumstances
(c) Any representation or statement which is false, where the person
who made such representation or statement: (i) knew the truth; or (ii)
with reasonable effort could have known the truth; or (iii) made no
reasonable effort to ascertain the truth; or (iv) did not have knowledge
concerning the representation or statement made;
where engaged in to induce or promote the issuance, distribution,
exchange, sale, negotiation or purchase within or from this state of any
securities or commodities, as defined in section three hundred fifty-two
of this article, regardless of whether issuance, distribution, exchange,
sale, negotiation or purchase resulted.
2. It shall be illegal and prohibited for any person, partnership,
corporation, company, trust or association, or any agent or employee
thereof, to engage in any artifice, agreement, device or scheme to
obtain money, profit or property by any of the means prohibited by this
section.</blockquote>
==References==
==References==
<references/>
<references/>
[[Category:Laws]]
[[Category:Laws]]