False statement by company’s official with intent to affect share price
421 False statement by company’s official with intent to affect share price
Any person who, being a director, officer, or agent of a company having its share capital listed for dealings on any stock exchange in Western Australia or elsewhere, wilfully makes or is privy to making in any prospectus, return, report, certificate, account, statement of operations, or prospectus, or other document, any statement relating to the business of the company false in any material particular, knowing it to be false with intent to produce or give or having a tendency to produce or give to the stock or shares of the company a greater or less market value than such stock or shares possess, is guilty of a crime, and is liable to imprisonment for 2 years and a fine of $24 000.
[Section 421 amended: No. 113 of 1965 s. 8(1); No. 101 of 1990 s. 26; No. 51 of 1992 s. 16(2); No. 70 of 2004 s. 34(1) and 35(4).]
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