Singapore legislation
Section 102
Section 102
Employment of manipulative and deceptive devices
It shall be unlawful for any person directly or indirectly in connection with the purchase or sale of any securities —
(a)
to employ any device, scheme or artifice to defraud;
(b)
to engage in any act, practice or course of business which operates or would operate as a fraud or deceit upon any person; or
(c)
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 were made, not misleading.