S.C. Code § 35-1-501

Current through 2024 Act No. 120.

Section 35-1-501 - General fraud

It is unlawful for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly:

(1) to employ a device, scheme, or artifice to defraud;

(2) to make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or

(3) to engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person.

S.C. Code § 35-1-501

2005 Act No. 110, Section 1, eff 1/1/2006.