{"data":{"id":"us-ri/r.i.-gen.-laws-7-11-501","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-11-501","heading":"Offers, sales, and purchases.","body":"In connection with the offer to sell, sale, offer to purchase, or purchase of a security, a person may not, directly or indirectly:\n(1) Employ a device, scheme, or artifice to defraud;\n(2) Make an untrue statement of a material fact or omit to state a material fact necessary in order to make the statement made, in the light of the circumstances under which they are made, not misleading; or\n(3) Engage in an act, practice, or course of business that operates or would operate as a fraud or deceit on a person.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 11 Rhode Island Uniform Securities Act","Part V Fraudulent and Other Prohibited Practices"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-11/7-V/7-11-501.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:20:19Z","sha256":"1bf4f050b8336926a85788cf3ee28a6058af201713e3e1fb93fe4011a63ea254","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-11-404","next":"us-ri/r.i.-gen.-laws-7-11-502"},"notice":"GroundRules: Original legal text. Not legal advice."}