Section 409. Prohibited Transactions Involving Public School Districts or Municipal Pension Plans or Systems of this State.--It shall be unlawful for any person to purchase or sell or induce or attempt to induce the purchase or sale of any security in this State by means of any manipulative, deceptive or other fraudulent scheme, device or contrivance or in violation of this act or regulation or order issued under this act in a transaction involving a public school district or municipal pension plan or system in this State.
(409 amended Nov. 23, 2004, P.L.924, No.128)