North Carolina § 78A-8 - Sales and purchases.

§ 78A-8. Sales and purchases.

It is unlawful for any person, in connection with the offer, sale or purchase of any security, directly or indirectly: To employ any device, scheme, or artifice to defraud, To make any untrue statement of a material fact or to 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, To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person. History (1973, c. 1380.) Legal Periodicals. - For note, "Skinner v. E.F. Hutton & Co.: North Carolina's Caveat Tipper Exception to the In Pari Delicto Doctrine," see 64 N.C.L. Rev. 1250 (1986). For article, "The Anti-Fraud Provisions of the North Carolina Securities Act," see 35 Campbell L. Rev. 209 (2013).