Title 15 — Commerce and Trade
Chapter 2A — Securities and Trust Indentures
§ 77x. Penalties
Statutory text
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.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 73–38 · 48 Stat. 74
Enacted · 15 U.S.C. § 77x
May 27, 1933, ch. 38, title I, § 24, 48 Stat. 87
Source evidence
Code source credit
May 27, 1933, ch. 38, title I, § 24, 48 Stat. 87Securities Acts Amendments of 1975
Pub. L. 94–29 § 27(a) · 89 Stat. 97
Substituted · 15 U.S.C. § 77x
Pub. L. 94–29 substituted “$10,000” for “$5,000”
Source evidence
Code amendment note
Pub. L. 94–29 substituted “$10,000” for “$5,000”.Enacted provision · exact public law section
(a) Section 24 of the Securities Act of 1933 (15 U.S.C. Penalties. 77x) is amended by changing the figure “5,000” to “10,000”.Effective date note
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.
1 of 2 references resolved to an enrolled provision · 1 partial
Editorial Notes
Amendments
1975—Pub. L. 94–29 substituted “$10,000” for “$5,000”.
Statutory Notes and Related Subsidiaries
Effective Date of 1975 Amendment
Amendment by Pub. L. 94–29 effective , see section 31(a) of Pub. L. 94–29, set out as a note under section 78b of this title.
Executive Documents
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, §§ 1, 2, eff. , 15 F.R. 3175, 64 Stat. 1265, set out under section 78d of this title.
Credits
1933–1975 · 2 acts
- 1933May 27, 1933, ch. 38, title I, § 24, 48 Stat. 87
- 1975Pub. L. 94–29, § 27(a), , 89 Stat. 163.
Show as published
(May 27, 1933, ch. 38, title I, § 24, 48 Stat. 87; Pub. L. 94–29, § 27(a), , 89 Stat. 163.)