Minn. Stat. » CHAPTER 80A. REGULATION OF SECURITIES
Minnesota Statutes

Minn. Stat. § 80A.68 (2026)

Section 501; General Fraud

✓ text as last checked Sept. 2026 (this copy records no edition or section history)
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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 a statement made, in the light of the circumstances under which it is made, not misleading; or

(3) to engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person.

Notes of Decisions
Cited in 6 cases, 2012–2020 · leading case: Merry v. Prestige Capital Markets, Ltd., 944 F. Supp. 2d 702 (D. Minn. 2013).
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Merry v. Prestige Capital Markets, Ltd., 944 F. Supp. 2d 702 (D. Minn. 2013). · cites it 37× “Plaintiff does not specify the provisions of the MSA under which he is asserting a violation, but it appears that, at a minimum, he asserts a violation of Minn.Stat. § 80A.68. {See Am. Compl. ¶¶ 15-21 [Doc.”
In re Nat'l Century Fin. Enter., Inc., Inv. Litig., 846 F. Supp. 2d 828 (S.D. Ohio 2012). · cites it 3× “§ 51:712(A)(2); Minn Stat. § 80A.68; N.J. Stat. Ann. § 49:3-71 (a)(2).”
In re Medtronic, Inc. Shareholder Litig., 900 N.W.2d 401 (Minn. 2017). · cites it 2× “The court of appeals concluded that Count XI adequately alleged a violation of Minn. Stat. § 80A.68 under the standard for a motion to dismiss, see Walsh v.”
King v. Skolness, 624 B.R. 259 (Bankr. N.D. Ga. 2020). · cites it 16× “First, they assert his liability arises directly under Minn. Stat. § 80A.68, Minnesota’s counterpart to federal Rule 10b-5.”
Robert Allen Taylor Co. v. United Credit Recovery, LLC, No. A15-1902, 2016 WL 5640670 (Minn. Ct. App. Oct. 3, 2016). · cites it 13× “The Minnesota Securities Act Claim The amended complaint appears to invoke subsection 2 of Minnesota Statutes section 80A.68 11 and subsection b of section 80A.”
In re Medtronic, Inc. Shareholder Litig.., No. A15-858 (Minn. Ct. App. Jan. 25, 2016). · cites it 10× “Counts XI and XII allege harm based on violations of Minn. Stat. §§ 80A.68, .76 (2014) (count XI), and §§ 80A.”
Minn. Stat. § 80A.68(1): 2 cases
In re Nat'l Century Fin. Enter., Inc., Inv. Litig., 846 F. Supp. 2d 828 (S.D. Ohio 2012). “§ 51:712(A)(2); Minn Stat. § 80A.68; N.J. Stat. Ann. § 49:3-71 (a)(2).”
King v. Skolness, 624 B.R. 259 (Bankr. N.D. Ga. 2020). “First, they assert his liability arises directly under Minn. Stat. § 80A.68, Minnesota’s counterpart to federal Rule 10b-5.”
Minn. Stat. § 80A.68(2): 4 cases
Merry v. Prestige Capital Markets, Ltd., 944 F. Supp. 2d 702 (D. Minn. 2013). “Plaintiff does not specify the provisions of the MSA under which he is asserting a violation, but it appears that, at a minimum, he asserts a violation of Minn.Stat. § 80A.68. {See Am. Compl. ¶¶ 15-21 [Doc.”
In re Nat'l Century Fin. Enter., Inc., Inv. Litig., 846 F. Supp. 2d 828 (S.D. Ohio 2012). “§ 51:712(A)(2); Minn Stat. § 80A.68; N.J. Stat. Ann. § 49:3-71 (a)(2).”
Robert Allen Taylor Co. v. United Credit Recovery, LLC, No. A15-1902, 2016 WL 5640670 (Minn. Ct. App. Oct. 3, 2016). “The Minnesota Securities Act Claim The amended complaint appears to invoke subsection 2 of Minnesota Statutes section 80A.68 11 and subsection b of section 80A.”
King v. Skolness, 624 B.R. 259 (Bankr. N.D. Ga. 2020). “First, they assert his liability arises directly under Minn. Stat. § 80A.68, Minnesota’s counterpart to federal Rule 10b-5.”
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