Singapore legislation

Clause 210

of Securities and Futures Bill

Clause 210

Employment of fraudulent or deceptive devices, etc.

No person shall, directly or indirectly, in connection with any transaction involving trading in a futures contract or leveraged foreign exchange trading —

(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 false statement of a material fact; 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.