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  • MAM-3.5 MAM-3.5 False or Misleading Statements

    • MAM-3.5.1

      Without prejudice to the provisions of rule MAM-3.1.2 (e) and (f), 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 fixing the market price of securities;

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

      (a) He does not care whether the statement or information is true or false; or
      (b) He knows or ought reasonably to have known that the statement or information is false or misleading in a material particular.
      November 2010