Section 31: Solicitation

31. Solicitation (1) No person other than the holder of a licence referred to under section 29 or 30, shall solicit another person to enter into securities transactions. (2) For the purposes of this section, a person shall be deemed to solicit another person under subsection (1) where he induces another person to buy, sell or exchange securities or to participate in transactions involving securities or offers persons services, recommendations or advice for those purposes by— (a) seeking to meet such person at his place of residence, work or public places; (b) contacting such person by telephone, letters, circulars, the internet or other electronic means or telecommunication system; or (c) publishing or causing an advertisement to be published or circulated.