New Jersey § 49:3-52
Full text of New Jersey New Jersey Statutes § 49:3-52, with citation guidance and answers to common questions.
§ 49:3-52.
(a) Without limiting the general applicability of section 5 of P.L.1967, c. 93 ( C.49:3-52 ), a person may not: (1) quote a fictitious price with respect to a security; (2) effect a transaction in a security which involves no change in the beneficial
ownership of the security for the purpose of creating a false or misleading appearance
of active trading in a security or with respect to the market for the security; (3) enter an order for the purchase of a security with the knowledge that an order
of substantially the same size and at substantially the same time and price for the
sale of the security has been, or will be, entered by or for the same, or affiliated,
person for the purpose of creating a false or misleading appearance of active trading
in a security or with respect to the market for the security; (4) enter an order for the sale of a security with knowledge that an order of substantially
the same size and at substantially the same time and price for the purchase of the
security has been, or will be, entered by or for the same, or affiliated, person for
the purposes of creating a false or misleading appearance of active trading in a security
or with respect to the market for the security; or (5) employ any other deceptive or fraudulent device, scheme, or artifice to manipulate
the market in a security. (b) A transaction effected in compliance with, or conduct that does not violate, the
applicable provisions of the “Securities Exchange Act of 1934” and the rules and regulations
of the Securities and Exchange Commission thereunder is not a violation of subsection
(a) of this section.
Frequently Asked Questions About New Jersey § 49:3-52
What does New Jersey Statutes § 49:3-52 cover?
Section 49:3-52 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 49:3-52?
A common citation format is "New Jersey Statutes § 49:3-52" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 49:3-52 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.