Title 15 — Commerce and TradeRelease 119-73
§77yyy Penalties
Title 15 › Chapter CHAPTER 2A— - SECURITIES AND TRUST INDENTURES › Subchapter SUBCHAPTER III— - TRUST INDENTURES › § 77yyy
Summary
Anyone who willfully breaks rules under this subchapter or willfully lies or leaves out important facts on required filings faces criminal penalties. They can be fined up to $10,000, jailed up to five years, or both.
Full Legal Text
Title 15, §77yyy
Commerce and Trade — Source: USLM XML via OLRC
Any person who willfully violates any provision of this subchapter or any rule, regulation, or order thereunder, or any person who willfully, in any application, report, or document filed or required to be filed under the provisions of this subchapter or any rule, regulation, or order thereunder, 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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1975—Pub. L. 94–29 substituted “$10,000” for “$5,000”.
Statutory Notes and Related Subsidiaries
Effective Date
of 1975 AmendmentAmendment 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.
Reference
Citations & Metadata
Citation
15 U.S.C. § 77yyy
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73