
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: 15USC80b-14]

 
                      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.)


                               Amendments

    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.

                  Section Referred to in Other Sections

    This section is referred to in section 80b-9 of this title.
