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Wis. Stat. § 551.501

General fraud

Known as the Wisconsin Uniform Securities Law

The act spans §§ 551–551 (54 sections).

Applied in 3 court decisions — leading case 351 Wis. 2d 73 - State v. Hudson (2013)

Most recently applied in Schouten v. Jakubiak (In re Jakubiak) (October 2018)

2007 a. 196

How often courts cite this section

2013201810
citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

It is unlawful for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly, to do any of the following:

(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.

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

Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.