(a) A person may not, in connection with the offer, sale, or purchase of a security, directly or indirectly
(1) employ a device, scheme, or artifice to defraud;
(2) make an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or
(3) engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon a person.
(b) A person may not rely on an exemption from registration under AS 45.55.900 or on a security being a federal covered security to avoid the application of (a) of this section.
Section: 45.55.010 45.55.020 45.55.023 45.55.025 45.55.027 45.55.028 NextLast modified: November 15, 2016