Title 15 — Commerce and TradeRelease 119-73

§80b–17 Penalties

Title 15 › Chapter CHAPTER 2D— - INVESTMENT COMPANIES AND ADVISERS › Subchapter SUBCHAPTER II— - INVESTMENT ADVISERS › § 80b–17

Last updated Apr 6, 2026|Official source

Full Legal Text

Title 15, §80b–17

Commerce and Trade — Source: USLM XML via OLRC

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.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

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,”.

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. § 80b–17

Title 15 — Commerce and Trade

Last Updated

Apr 6, 2026

Release point: 119-73