- Laws of Fiji

Last Updated: 24 June 2022

653

(1) A person must not (whether in Fiji or elsewhere) induce another person to deal in securities—

(a)by making or publishing a statement, promise or forecast if the person knows, or is reckless as to whether, the statement is misleading, false or deceptive;
(b)by a dishonest concealment of material facts; or
(c)by recording or storing information that the person knows to be false or misleading in a material particular or materially misleading if—
- (i)the information is recorded or stored in, or by means of, a mechanical, electronic or other device; and
- (ii)when the information was so recorded or stored, the person had reasonable grounds for expecting that it would be available to the other person, or a class of persons that includes the other person.

(2) In this section—

dishonest

means—

(a)dishonest according to the standards of ordinary people; and
(b)known by the person to be dishonest according to the standards of ordinary people.