A. Any person who violates or who knowingly causes, aids, abets, or conspires with another to cause any association or organization to violate any provision of this chapter is guilty of a misdemeanor.
B. Any person or association or organization operating any activity authorized in accordance with Chapter 155, Laws of 1974 First Extraordinary Session who or which, directly or indirectly, in the course of such operation:
1. Employs any device, scheme or artifice to defraud,
2. Makes any untrue statement of a material fact, or omits to state a material fact necessary in order to make the statement made not misleading in the light of the circumstances under which the statement is made, or
3. Engages in any act, practice or course of operation as would operate as a fraud or deceit upon any person, is guilty of a misdemeanor. (Ord. 628, 1976)