Alaska Statutes
Alaska Stat. § 45.56.500 (2026)
General fraud
✓ current as of July 2026
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Sec. 45.56.500. General fraud.
A person may not, in connection with the offer, sale, or purchase of a security, directly or indirectly,
(1) employ a device, scheme, or artifice to defraud;
(2) make an untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which they were made, not misleading; or
(3) engage in an act, practice, or course of business that operates or would operate as a fraud or deceit on another person.
A person may not, in connection with the offer, sale, or purchase of a security, directly or indirectly,
(1) employ a device, scheme, or artifice to defraud;
(2) make an untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which they were made, not misleading; or
(3) engage in an act, practice, or course of business that operates or would operate as a fraud or deceit on another person.
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2021–2021 · leading case: White v. NYLIFE Sec., LLC (D. Alaska 2021).
White v. NYLIFE Sec., LLC (D. Alaska 2021). “”37 NYLIFE also cites interpretations of other states’ consumer protection acts to argue that “[i]t is uncontroversial that securities are a specialized area of regulation outside the scope of general consumer protection acts nationwide.”
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