Singapore legislation
Clause 201
Clause 201
Employment of manipulative and deceptive devices
No person shall, directly or indirectly, in connection with the subscription, purchase or sale of any securities —
(a)
employ any device, scheme or artifice to defraud;
(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, upon any person;
(c)
make any statement he knows to be false in a material particular; or
(d)
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.