Illinois Administrative Code
Title 14 - COMMERCE
Part 135 - REGULATIONS UNDER THE BUSINESS OPPORTUNITY SALES LAW OF 1995
Subpart F - VIOLATIONS
Section 135.950 - Fraudulent Practices
Universal Citation: 14 IL Admin Code ยง 135.950
Current through Register Vol. 48, No. 12, March 22, 2024
It shall be a violation of Section 5-95 of the Act for any person, in connection with the offer or sale of any business opportunity in this State sold pursuant to the exemptions granted under Section 5-10(a), (c) or (d) of the Act, directly or indirectly:
a) to employ any device, scheme or artifice to defraud;
b) to make any untrue statement of a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or
c) to engage in any act, practice or course of business which operates or would operate as a fraud or deceit upon any person.
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