CITE
15 USC Sec. 77x 01/05/2009
EXPCITE
TITLE 15 - COMMERCE AND TRADE
CHAPTER 2A - SECURITIES AND TRUST INDENTURES
SUBCHAPTER I - DOMESTIC SECURITIES
HEAD
Sec. 77x. Penalties
STATUTE
Any person who willfully violates any of the provisions of this
subchapter, or the rules and regulations promulgated by the
Commission under authority thereof, or any person who willfully, in
a registration statement filed under this subchapter, makes any
untrue statement of a material fact or omits to state any material
fact required to be stated therein or necessary to make the
statements therein not misleading, shall upon conviction be fined
not more than $10,000 or imprisoned not more than five years, or
both.
SOURCE
(May 27, 1933, ch. 38, title I, Sec. 24, 48 Stat. 87; Pub. L. 94-
29, Sec. 27(a), June 4, 1975, 89 Stat. 163.)
AMENDMENTS
1975 - Pub. L. 94-29 substituted "$10,000" for "$5,000".
EFFECTIVE DATE OF 1975 AMENDMENT
Amendment by Pub. L. 94-29 effective June 4, 1975, see section
31(a) of Pub. L. 94-29, set out as a note under section 78b of this
title.
TRANSFER OF FUNCTIONS
For transfer of functions of Securities and Exchange Commission,
with certain exceptions, to Chairman of such Commission, see Reorg.
Plan No. 10 of 1950, Secs. 1, 2, eff. May 24, 1950, 15 F.R. 3175,
64 Stat. 1265, set out under section 78d of this title.