Clause 201
Employment of manipulative and deceptive devices
of Securities and Futures Bill
BillNot in forceProvision 201 of 348
Clause 201
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.