Wis. Admin. Code Department of Financial Institutions § DFI-SB 21.15 - Manipulative and deceptive devices prohibited

Current through March 28, 2022

In the offer, sale or purchase of securities issued incident to its conversion, no savings bank, or any director, officer, attorney, agent or employee of the savings bank may:

(1) DEFRAUD. Employ any device, scheme, or artifice to defraud;
(2) MISSTATE FACTS. Obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; or
(3) FRAUDULENT PRACTICES. Engage in any act, transaction, practice or course of business which operates or would operate as a fraud or deceit upon a purchaser or seller.

Notes

Wis. Admin. Code Department of Financial Institutions § DFI-SB 21.15
CR Register, February, 1994, No. 458, eff. 3-1-94.

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