Section 17(a) of the Securities Act of 1933

Section 17(a) of the Securities Act of 1933

Definition

A section of the Securities Act of 1933 that makes it unlawful to (1) defraud; (2) obtain money or property by using material misstatements or omissions; or (3) engage in any transaction, practice, or course of business that operates or would operate as a fraud or deceit upon a purchaser of securities.

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