Securities and Futures Act - Singapore Statutes Online

False or misleading statements, etc.

199. No person shall make a statement, or disseminate information, that is false or misleading in a material particular and is likely —

(a)	to induce other persons to subscribe for securities;
(b)	to induce the sale or purchase of securities by other persons; or
(c)	to have the effect of raising, lowering, maintaining or stabilising the market price of securities,

if, when he makes the statement or disseminates the information —

(i)	he does not care whether the statement or information is true or false; or
(ii)	he knows or ought reasonably to have known that the statement or information is false or misleading in a material particular.

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