New Jersey Statutes Title 49. Sale of Securities 49 § 3-52

It shall be unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly

(a) To employ any device, scheme, or artifice to defraud;

(b) To make any untrue statement of a material fact or to 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;  

(c) To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person;

(d) To fail to deliver the prospectus filed under the “Securities Act of 1933”  to each purchaser of a security registered under that act, in accordance with the prospectus delivery requirements of that act.

1 15 U.S.C.A. § 77a et seq.

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