15 USC Sec. 80b-14 01/05/2009
TITLE 15 - COMMERCE AND TRADE
CHAPTER 2D - INVESTMENT COMPANIES AND ADVISERS
SUBCHAPTER II - INVESTMENT ADVISERS
Sec. 80b-14. Jurisdiction of offenses and suits
The district courts of the United States and the United States
courts of any Territory or other place subject to the jurisdiction
of the United States shall have jurisdiction of violations of this
subchapter or the rules, regulations, or orders thereunder, and,
concurrently with State and Territorial courts, of all suits in
equity and actions at law brought to enforce any liability or duty
created by, or to enjoin any violation of this subchapter or the
rules, regulations, or orders thereunder. Any criminal proceeding
may be brought in the district wherein any act or transaction
constituting the violation occurred. Any suit or action to enforce
any liability or duty created by, or to enjoin any violation of
this subchapter or rules, regulations, or orders thereunder, may be
brought in any such district or in the district wherein the
defendant is an inhabitant or transacts business, and process in
such cases may be served in any district of which the defendant is
an inhabitant or transacts business or wherever the defendant may
be found. Judgments and decrees so rendered shall be subject to
review as provided in sections 1254, 1291, 1292, and 1294 of title
28. No costs shall be assessed for or against the Commission in any
proceeding under this subchapter brought by or against the
Commission in any court.
(Aug. 22, 1940, ch. 686, title II, Sec. 214, 54 Stat. 856; Pub. L.
100-181, title VII, Sec. 707, Dec. 4, 1987, 101 Stat. 1264; Pub. L.
101-429, title IV, Sec. 403, Oct. 15, 1990, 104 Stat. 951.)
1990 - Pub. L. 101-429 inserted "and actions at law brought to
enforce any liability or duty created by, or" after "all suits in
equity" and "to enforce any liability or duty created by, or" after
"Any suit or action".
1987 - Pub. L. 100-181 substituted "sections 1254, 1291, 1292,
and 1294 of title 28" for "sections 128 and 240 of the Judicial
Code, as amended, and section 7, as amended, of the Act entitled
'An Act to establish a court of appeals for the District of
Columbia', approved February 9, 1893".
EFFECTIVE DATE OF 1990 AMENDMENT
Amendment by Pub. L. 101-429 effective Oct. 15, 1990, with
provisions relating to civil penalties and accounting and
disgorgement, see section 1(c)(1), (2) of Pub. L. 101-429, set out
in a note under section 77g 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.