{"data":{"id":"us-ia/iowa-code-502.501","jurisdiction":"us-ia","citation":"Iowa Code § 502.501","heading":"General fraud.","body":"It is unlawful for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly:\n1. To employ a device, scheme, or artifice to defraud;\n2. To make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or\n3. To engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 502 - UNIFORM SECURITIES ACT (BLUE SKY LAW)","Article 5 - FRAUD AND LIABILITIES"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/502.501.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"b360294fd0b26746db2c42b4379f9966bfcbb6714a8a0340325be53a6bc0a8e5","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-502.412","next":"us-ia/iowa-code-502.501a"},"notice":"GroundRules: Original legal text. Not legal advice."}