CITE
15 USC Sec. 80b-17 01/05/2009
EXPCITE
TITLE 15 - COMMERCE AND TRADE
CHAPTER 2D - INVESTMENT COMPANIES AND ADVISERS
SUBCHAPTER II - INVESTMENT ADVISERS
HEAD
Sec. 80b-17. Penalties
STATUTE
Any person who willfully violates any provision of this
subchapter, or any rule, regulation, or order promulgated by the
Commission under authority thereof, shall, upon conviction, be
fined not more than $10,000, imprisoned for not more than five
years, or both.
SOURCE
(Aug. 22, 1940, ch. 686, title II, Sec. 217, 54 Stat. 857; Pub. L.
86-750, Sec. 15, Sept. 13, 1960, 74 Stat. 888; Pub. L. 94-29, Sec.
27(f), June 4, 1975, 89 Stat. 163.)
AMENDMENTS
1975 - Pub. L. 94-29 substituted "imprisoned for not more than
five years" for "imprisoned for not more than two years".
1960 - Pub. L. 86-750 inserted ", or any rule, regulation or
order promulgated by the Commission under authority thereof,".
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.