Georgia § 10-5-51 - Fraud or deceit unlawful; adoption of rule.
Full text of Georgia Official Code of Georgia Annotated § 10-5-51 — Fraud or deceit unlawful; adoption of rule., with citation guidance and answers to common questions.
§ 10-5-51. Fraud or deceit unlawful; adoption of rule.
It is unlawful for a person that advises others for compensation, either directly or indirectly, or through publications or writings, as to the value of securities or the advisability of investing in, purchasing, or selling securities or that, for compensation and as part of a regular business, issues or promulgates analyses or reports relating to securities: To employ a device, scheme, or artifice to defraud another person; or To engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person. A rule adopted under this chapter may define an act, practice, or course of business of an investment adviser or an investment adviser representative, other than a supervised person of a federal covered investment adviser, as fraudulent, deceptive, or manipulative and prescribe means reasonably designed to prevent investment advisers and investment adviser representatives, other than supervised persons of a federal covered investment adviser, from engaging in acts, practices, and courses of business defined as fraudulent, deceptive, or manipulative. A rule adopted under this chapter may specify the contents of an investment advisory contract entered into, extended, or renewed by an investment adviser. (Code 1981, § 10-5-51 , enacted by Ga. L. 2008, p. 381, § 1/SB 358.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 10-5-51
What does Official Code of Georgia Annotated § 10-5-51 cover?
Section 10-5-51 ("Fraud or deceit unlawful; adoption of rule.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 10-5-51?
A common citation format is "Official Code of Georgia Annotated § 10-5-51" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 10-5-51 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.