Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Part XII : General107. Fraudulently inducing person to purchase or deal in participatory interests |
No person may—
| (a) | by making or publishing any statement, promise or forecast which he or she knows is likely or intended to be misleading, false or deceptive; or |
| (b) | by concealing material information at his or her disposal, |
induce another person to purchase or deal in a participatory interest.