§ 11-301. Offers, sales, or purchases

MD Corp & Assn Code § 11-301 (2019) (N/A)
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It is unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly to:

(1)    Employ any device, scheme, or artifice to defraud;

(2)    Make any 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 any act, practice, or course of business which operates or would operate as a fraud or deceit on any person.