Section 108: Fradulently inducing persons to deal in securities.

(1) No person shall :
(a) make or publish any statement, promise or forecast which he knows to be misleading, false or deceptive; or
(b) dishonestly conceals material facts;
(c) recklessly make or publish, dishonestly or otherwise of any statement, promise or forecast which is misleading, false or deceptive; or
(d) record or store in, or by means of any mechanical, electronic or other device, create information which he knows to be false or misleading in a material particular with intent to induce or attempt to induce another person to deal in securities;
(e) make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made in the light of the circumstances under which they were made, not misleading.
(2) It is a defence to any liability under subsection (1) of this section if it is established that, at the time when the person so recorded or stored the information, he had no reasonable grounds for expecting that the information would be available to any other person.