CITE

    15 USC Sec. 77yyy                                           01/08/2008

EXPCITE

    TITLE 15 - COMMERCE AND TRADE
    CHAPTER 2A - SECURITIES AND TRUST INDENTURES
    SUBCHAPTER III - TRUST INDENTURES

HEAD

    Sec. 77yyy. Penalties

STATUTE

      Any person who willfully violates any provision of this
    subchapter or any rule, regulation, or order thereunder, or any
    person who willfully, in any application, report, or document filed
    or required to be filed under the provisions of this subchapter or
    any rule, regulation, or order thereunder, 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 III, Sec. 325, as added Aug. 3, 1939,
    ch. 411, 53 Stat. 1177; amended Pub. L. 94-29, Sec. 27(d), 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.