It is unlawful for a person, in connection with the offer, sale, or purchase of a security,
directly or indirectly:
1. To employ a device, scheme, or artifice to defraud;
2. To make an untrue statement of a material fact or to omit to state a material fact
necessary in order to make the statements made, in light of the circumstances under which
they were made, not misleading; or\n\nTue Dec 09 22:06:24 2025 Iowa Code 2026, Chapter 502 (62, 1)
43 UNIFORM SECURITIES ACT (BLUE SKY LAW), §502.504\n\n 3. To engage in an act, practice, or course of business that operates or would operate as
a fraud or deceit upon another person.
[C77, 79, 81, §502.501]
87 Acts, ch 53, §12; 97 Acts, ch 114, §14; 98 Acts, ch 1106, §16, 24; 2004 Acts, ch 1161, §38,
68
Referred to in §502.508, 502.610
\n
Notes of Decisions
State Ex Rel. Miller v. Pace, 677 N.W.2d 761 (Iowa 2004).
· cites it 14× “§ 502.501. Furthermore, section 502.503 imposes liability on “[ajffili-ates of a person liable under section 502.”
Costello v. McFadden, 553 N.W.2d 607 (Iowa 1996).
· cites it 10× “See Iowa Code § 502.501 (1991). The plaintiffs asked for judgment against each defendant, jointly and severally, for the lost amount of their investment plus prejudgment interests, costs, and attorney fees.”
Corp. East Assocs. v. Meester, 442 N.W.2d 105 (Iowa 1989).
· cites it 6× “Iowa Code section 502.501 allows for the recovery of attorney fees in a suit involving violations of the securities laws.”
State Ex Rel. Goettsch v. Diacide Distributors, Inc., 596 N.W.2d 532 (Iowa 1999).
· cites it 4× “Affiliates of a person liable under either section 502.501 or 502.502, partners, principal executive officers or directors of such person, persons occupying a similar status or performing similar functions for such person, persons (whether employees of such person or otherwise)…”
Blinder, Robinson & Co. v. Goettsch, 431 N.W.2d 336 (Iowa 1988).
· cites it 4× “No action shall be maintained to enforce any liability created under either section 502.501 [registration requirements] or section 502.”
— Iowa Code § 502.501(1) — 1 case
State Ex Rel. Miller v. Pace, 677 N.W.2d 761 (Iowa 2004).
“§ 502.501. Furthermore, section 502.503 imposes liability on “[ajffili-ates of a person liable under section 502.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.