Virginia Code § 18.2-216 prohibits individuals and entities from making false, deceptive, or misleading advertisements related to merchandise, securities, or services. The law targets any promotional material that contains untrue statements or fraudulent practices intended to induce public obligations or purchases. Violations are classified as a Class 1 misdemeanor, emphasizing the importance of truthful advertising standards in Virginia.
The law covers any advertisements related to merchandise, securities, or services, including notices in newspapers, flyers, posters, labels, or any other promotional materials.
A violation occurs when someone makes, publishes, or disseminates false, deceptive, or misleading statements or uses fraudulent practices to induce the public to buy or engage with their offerings.
Violators are guilty of a Class 1 misdemeanor, which can include fines, penalties, or other legal consequences under Virginia law.
Yes, it includes prohibitions on advertising bankrupt or trustee stocks that contain goods added after the initial purchase, especially if such advertisements omit important facts.