{"data":{"id":"us-me/32-m.r.s.-16501","jurisdiction":"us-me","citation":"32 M.R.S. §16501","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.  Device, scheme, artifice.  To employ a device, scheme or artifice to defraud;\n2.  Untrue statement of or omission of material fact.  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.  Fraud, deceit.  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 32: PROFESSIONS AND OCCUPATIONS","CHAPTER 135: MAINE UNIFORM SECURITIES ACT","SUBCHAPTER 5: FRAUD AND LIABILITIES"],"source_url":"https://legislature.maine.gov/statutes/32/title32sec16501.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:37Z","sha256":"d7caac88caebaee399097a9abb9ac5ed8db8533747d0a7c458123e555c2fed66","source_id":"us-me","stale":false,"prev":"us-me/32-m.r.s.-16412","next":"us-me/32-m.r.s.-16502"},"notice":"GroundRules: Original legal text. Not legal advice."}