Singapore legislation
Clause 209
Clause 209
Fraudulently inducing persons to trade in futures contracts
(1)
No person shall —
by making or publishing any statement, promise or forecast that he knows or ought reasonably to have known to be false, misleading or deceptive;
by any dishonest concealment of material facts;
by the reckless making or publishing of any statement, promise or forecast that is false, misleading or deceptive; or (d)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 trade in a futures contract or engage in leveraged foreign exchange trading.
(2)
In any proceedings against a person for a contravention of subsection (1) constituted by recording or storing information as mentioned in subsection (1)(d), it is a defence 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.