Changes

|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: Retrieved Sept. 4, 2017</ref>  It reads in part:

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

<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:

  shall  be  illegal  and  prohibited  for  any  person,  partnership,

     (a) Any fraud, deception, concealment, suppression, false pretense  or fictitious or pretended purchase or sale;

  corporation,  company,  trust  or  association, or any agent or employee

     (b)  Any  promise  or  representation as to the future which is beyond reasonable expectation or unwarranted by existing circumstances

  thereof, to use or employ any of the following acts or practices:

     (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

     (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

   securities or commodities, as defined in section three hundred fifty-two

   of this article, regardless of whether issuance, distribution, exchange,

   of this article, regardless of whether issuance, distribution, exchange,

   sale, negotiation or purchase resulted.

   sale, negotiation or purchase resulted.

     2. It shall be illegal and prohibited  for  any  person,  partnership,

     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>

  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]]