
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC77x]

 
                      TITLE 15--COMMERCE AND TRADE
 
               CHAPTER 2A--SECURITIES AND TRUST INDENTURES
 
                    SUBCHAPTER I--DOMESTIC SECURITIES
 
Sec. 77x. Penalties

    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.

(May 27, 1933, ch. 38, title I, Sec. 24, 48 Stat. 87; Pub. L. 94-29, 
Sec. 27(a), 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.

                          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.

                  Section Referred to in Other Sections

    This section is referred to in section 77eee of this title; title 7 
section 1932.
