Singapore legislation
Section 54
Section 54
Employment of fraudulent or deceptive devices, etc.
Amended by9/95
No person shall, directly or indirectly, in connection with any transaction with any other person involving trading in a futures contract or leveraged foreign exchange trading —
(a)
employ any device, scheme or artifice to defraud that other person;
(b)
engage in any act, practice or course of business which operates as a fraud or deception, or is likely to operate as a fraud or deception, of that other person; or
(c)
make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made in the light of the circumstances under which they were made, not misleading.