SECTION 905

Shall face a criminal charge, chairmen, directors or general managers of a company that have issued securities offered to the public: 1) Without a notice is published in a newspaper authorized to publish legal notices prior to any announcement; 2) Without the prospectus and circulars reproduce the information of the notice referred to in the first paragraph of this article, and bearing no mention of the publication of such notice in a newspaper authorized to publish legal notices with reference to the issue in which it was published; 3) Without posters and announcements in newspapers reproduce the same information, or at least an extract of such information with reference to the said notice, and indications of the issue of the newspaper authorized to publish legal notices in which it was published; 4) Without posters, prospectus and circulars showing the signature of the individual or the representative of the company who made the offer and specify whether the offered securities are listed or not, and if so, on which stock exchange. The same sanctions shall be applicable to persons that served as accessories in the transfer of securities without having complied with the requirements of this article.