Section 99: Prohibition on transaction of securities by fraud or misrepresentation

If a person knowingly induces another to purchase or sale the securities or causes them to be reduced, increased or stabilised the price of securities on the basis of a statement that such a statement is false or misleading or that any statement has become misleading by the reason that any matter is omitted from or hidden or not included in such a statement, such a person who does or causes to be done such act shall be deemed to have done transactions in securities by fraud or misrepresentation.