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Title XXVI TRADE AND COMMERCE

Chapter 409

previous next Effective - 28 Aug 1985bottom

  409.810.  Prohibited acts. — No person shall, directly or indirectly:

  (1)  Cheat or defraud, attempt to cheat or defraud, or employ any device, scheme or artifice to cheat or defraud, any other person;

  (2)  Make any false report, enter any false record, or make any untrue statement of a material fact;

  (3)  Engage in any transaction, act, practice or course of business, including, without limitation, any form of advertising or solicitation, which operates or would operate as a fraud or deceit upon any person; or

  (4)  Misappropriate or convert the funds, security or property of any other person;

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in or in connection with the purchase or sale of, the offer to sell, the offer to enter into, or the entry into of, any commodity contract or commodity option subject to the provisions of section 409.803 or subdivision (2), (3), or (4) of subsection 1 of section 409.806; except that, the provisions of subdivision (2) of this section shall not apply to a commodity contract covered by subdivision (3) of subsection 1 of section 409.806.

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(L. 1985 H.B. 409 & 532 § 5)


---- end of effective   28 Aug 1985 ----

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