Singapore legislation
Section 100
Section 100
Fraudulently inducing persons to deal in securities
(1)
A person shall not —
by making or publishing any statement, promise or forecast that he knows to be misleading, false or deceptive;
by any dishonest concealment of material facts;
by the reckless making or publishing, dishonestly or otherwise, of any statement, promise or forecast that is misleading, false or deceptive; or
by recording or storing in, or by means of, any mechanical, electronic or other device information that he knows to be false or misleading in a material particular,induce or attempt to induce another person to deal in securities.
(2)
It is a defence to a prosecution for an offence under subsection (1) constituted by recording or storing information as mentioned in paragraph (d) thereof if it is established that, at the time when the defendant so recorded or stored the information, he had no reasonable grounds for expecting that the information would be available to any other person.