
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[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-17]

 
                      TITLE 15--COMMERCE AND TRADE
 
              CHAPTER 2D--INVESTMENT COMPANIES AND ADVISERS
 
                   SUBCHAPTER II--INVESTMENT ADVISERS
 
Sec. 80b-17. Penalties

    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.

(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.
