Mississippi Code
Miss. Code Ann. § 75-71-501 (2026)
General fraud
✓ current as of July 2026
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 the light of the circumstances under which they were 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.
Laws, 2009, ch. 528, § 1, eff. 1/1/2010.
Notes of Decisions
Cited in 12
cases, 1991–2017 · leading case: Geisenberger v. John Hancock Distributors, Inc., 774 F. Supp. 1045 (S.D. Miss. 1991).
Geisenberger v. John Hancock Distributors, Inc., 774 F. Supp. 1045 (S.D. Miss. 1991). “As to Defendants Distributors and Jones, the Plaintiff alleges: (1) violations of Rule 10b-5 of the Securities and Exchange Act of 1934; (2) violations of Miss.Code Ann. § 75-71-501, 75-71-503, 75-71-717 and 75-71-719; (3) common law fraud; (4) breach of contract; (5) breach of…”
Harrington v. Off. of the Mississippi Sec'y of State, 129 So. 3d 153 (Miss. 2013). “Miss.Code Ann. § 75-71-501 (Rev.2009) (repealed 2010).”
Allyn v. Wortman, 725 So. 2d 94 (Miss. 1998). “Evans alleges that Kinnard and the Palace Defendants made materially misleading statements in the PPM which operated as a fraud in violation of Miss.Code Ann. § 75-71-501. The statute provides: It is unlawful for any person, in connection with the offer, sale or purchase of any…”
Watkins Dev., LLC v. C. Delbert Hosemann, Jr., 214 So. 3d 1050 (Miss. 2017). “Miss. Code Ann. § 75-71-609 (Rev. 2016). 9 .”
Doe v. State Ex Rel. Mississippi Dept. of Corr., 859 So. 2d 350 (Miss. 2003). “1998) (finding Miss.Code Ann. § 75-71-501, which prohibits fraud or deceit in connection with the offer, sale or purchase of securities did not create private right of action).”
Campbell v. State, 743 So. 2d 1050 (Miss. Ct. App. 1999). “This matter is before the Court challenging the judgment of the Madison County Circuit Court of conviction of one count of securities fraud in violation of Miss.Code Ann. § 75-71-501 (Rev.1991), a part of the Mississippi Uniform Securities Law.”
Watkins Dev., LLC v. C. Delbert Hosemann, Jr., 214 So. 3d 1101 (Miss. Ct. App. 2016). “See Miss. Code Ann. § 75-71-501 (2). As stated, section 75-71-604(a)-(e) provides authority to the Secretary of State to enforce the Mississippi Securities Act when fraud or deception practices are suspected.”
Connell v. State ex rel. Mississippi Dep't of Corr., 841 So. 2d 1127 (Miss. 2003). “1998) (finding Miss.Code Ann. § 75-71-501, which prohibits fraud or deceit in connection with the offer, sale or purchase of securities did not create private right of action).”
Fortenberry v. Foxworth Corp., 825 F. Supp. 1265 (S.D. Miss. 1993). “For-tenberry was defrauded by the defendants in violation of § 10(b) and Rule 10b-5.”
D Lancy Allyn v. William C Wortman (Miss. 1996). “Evans alleges that Kinnard and the Palace Defendants made materially misleading statements in the PPM which operated as a fraud in violation of Miss. Code Ann. § 75-71-501 . The statute provides: It is unlawful for any person, in connection with the offer, sale or purchase of…”
Jane Doe v. State of Mississippi (Miss. 2001). “1998) (finding Miss. Code Ann. § 75-71-501 , which prohibits fraud or deceit in connection with the offer, sale or purchase of securities did not create private right of action).”
Norman v. Prestage Farms, Inc. (In Re Moore), 310 B.R. 795 (Bankr. N.D. Miss. 2004). “1998) (finding Miss.Code Ann. § 75-71-501, which prohibits fraud or deceit in connection with the offer, sale or purchase of securities did not create private right of action.”
— Miss. Code Ann. § 75-71-501(2) — 2 cases
Harrington v. Off. of the Mississippi Sec'y of State, 129 So. 3d 153 (Miss. 2013). “Miss.Code Ann. § 75-71-501 (Rev.2009) (repealed 2010).”
Watkins Dev., LLC v. C. Delbert Hosemann, Jr., 214 So. 3d 1101 (Miss. Ct. App. 2016). “See Miss. Code Ann. § 75-71-501 (2). As stated, section 75-71-604(a)-(e) provides authority to the Secretary of State to enforce the Mississippi Securities Act when fraud or deception practices are suspected.”
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