409.810. Prohibited acts. — No person shall, directly or indirectly:
(1) Cheat or defraud, attempt to cheat or defraud, or employ any device, scheme or artifice to cheat or defraud, any other person;
(2) Make any false report, enter any false record, or make any untrue statement of a material fact;
(3) Engage in any transaction, act, practice or course of business, including, without limitation, any form of advertising or solicitation, which operates or would operate as a fraud or deceit upon any person; or
(4) Misappropriate or convert the funds, security or property of any other person;
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(L. 1985 H.B. 409 & 532 § 5)