Print Options

A person who makes a statement or disseminates information that is false or misleading in a material particular, that is likely to induce the sale or purchase of securities by other persons or is likely to have the effect of raising, lowering, maintaining or stabilizing the market price of securities if, when he makes the statement or disseminate the information-

(a) he does not care whether the statement or information is true or false; or

(b) he ought reasonably to have known that the statement or information is false or misleading in a material particular commits an offence.