15 USC Sec. 80a-44 01/05/2009
TITLE 15 - COMMERCE AND TRADE
CHAPTER 2D - INVESTMENT COMPANIES AND ADVISERS
SUBCHAPTER I - INVESTMENT COMPANIES
Sec. 80a-44. Disclosure of information filed with Commission;
(a) The information contained in any registration statement,
application, report, or other document filed with the Commission
pursuant to any provision of this subchapter or of any rule or
regulation thereunder (as distinguished from any information or
document transmitted to the Commission) shall be made available to
the public, unless and except insofar as the Commission, by rules
and regulations upon its own motion, or by order upon application,
finds that public disclosure is neither necessary nor appropriate
in the public interest or for the protection of investors. Except
as provided in section 78x(c) of this title, it shall be unlawful
for any member, officer, or employee of the Commission to use for
personal benefit, or to disclose to any person other than an
official or employee of the United States or of a State, for
official use, or for any such official or employee to use for
personal benefit, any information contained in any document so
filed or transmitted, if such information is not available to the
(b) Photostatic or other copies of information contained in
documents filed with the Commission under this subchapter and made
available to the public shall be furnished any person at such
reasonable charge and under such reasonable limitations as the
Commission shall prescribe.
(Aug. 22, 1940, ch. 686, title I, Sec. 45, 54 Stat. 845; Pub. L.
101-550, title II, Sec. 202(b)(1), Nov. 15, 1990, 104 Stat. 2715.)
1990 - Subsec. (a). Pub. L. 101-550 substituted "Except as
provided in section 78x(c) of this title, it shall be unlawful" for
"It shall be unlawful".
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.