Sec. 6. The
commissioner may, without a hearing, issue a stop order denying or revoking any exemption specified in sections 3, 4, or 5 with respect to an offer or sale if he finds that it is in the public interest and either:
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Terms Used In Indiana Code 23-2-2.5-6
- Commissioner: means the Indiana securities commissioner under IC 23-19-6-1(a). See Indiana Code 23-2-2.5-1
- deceit: includes any misrepresentation in any manner of a material fact, any promise or representation or prediction as to the future not made honestly or in good faith, or the failure or omission to state a material fact necessary to make the statements made, in the light of the circumstances under which they were made, not misleading. See Indiana Code 23-2-2.5-1
- Fraud: Intentional deception resulting in injury to another.
(b) that the offer or sale would constitute misrepresentation to, or deceit or fraud on, the purchaser or offeree.
Formerly: Acts 1975, P.L.262, SEC.1.
