Unfair practices prohibited
2007, c.38, s.31
58.2(1)In this section, “unfair practice” includes
(a)
putting unreasonable pressure on a person to subscribe to a security, to purchase a security, to hold a security or a derivative or to trade a security or a derivative,
(b)
taking advantage of a person’s
(i)
inability or incapacity to reasonably protect the person’s own interests because of physical or mental infirmity, ignorance, illiteracy or age, or
(ii)
inability to understand the character, nature or the language of any matter relating to a decision to subscribe to a security, to purchase a security, to hold a security or a derivative or to trade a security or a derivative, and
(c)
imposing, with respect to transactions, terms, conditions, restrictions or limitations that are harsh or oppressive.
58.2(2)No person shall engage in an unfair practice
(a)
while advising in relation to the subscription for or purchase or trade of a security, or purchase or trade of a derivative,
(b)
with the intention of effecting the subscription for or purchase or trade of a security.
2007, c.38, s.31; 2013, c.43, s.22