Idaho State Statutes - Idaho Attorney Directory

(a) Fraud
in providing investment advice. It is unlawful for a person that advises
others for compensation, either directly or indirectly or through publications
or writings, as to the value of securities or the advisability of investing
in, purchasing or selling securities or that, for compensation and as part of
a regular business, issues or promulgates analyses or reports relating to
securities:
(1) To employ a device, scheme, or artifice to defraud another person; or
(2) To engage in an act, practice, or course of business that operates or
would operate as a fraud or deceit upon another person.
(b) Rules defining fraud. A rule adopted under this chapter may define an
act, practice, or course of business of an investment adviser or an investment
adviser representative, as fraudulent, deceptive or manipulative, and
prescribe means reasonably designed to prevent investment advisers and
investment adviser representatives, from engaging in acts, practices, and
courses of business defined as fraudulent, deceptive or manipulative.
(c) Rules specifying contents of advisory contract. A rule adopted or an
order issued under this chapter may specify the contents of an investment
advisory contract entered into, extended or renewed by an investment adviser.

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