Or. Admin. Code § 441-870-0020 - General Definition
"Manipulative, Deceptive, or Fraudulent Device or Contri?vance" and "Fraudu?lent, Deceptive, or Manipulative Act or Prac?tice" are defined to include:
(1) Any act, practice, or
course of business which operates or would operate as a fraud or deceit upon
any person;
(2) The making of any
untrue statement of a material fact and any omission 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) Any representation by a licensee or a
person acting on behalf of a licensee, that the licensing of any person with
the Director or the failure of the Director to deny or revoke such license,
indicates, in any way, that the Director has passed upon or approved the
financial standing, business, or conduct of any person, or the merits of any
transaction.
Notes
Stat. Auth.: ORS 86A.136
Stats. Implemented: ORS 86A.115
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