Singapore legislation
Section 99
Section 99
False or misleading statements, etc.
A person shall not make a statement, or disseminate information, that is false or misleading in a material particular and is likely to induce the sale or purchase of securities by other persons or is likely to have the effect of raising, lowering, maintaining or stabilising the market price of securities if, when he makes the statement or disseminates the information —
(a)
he does not care whether the statement or information is true or false; or
(b)
he knows or ought reasonably to have known that the statement or information is false or misleading in a material particular.