§80b–14 Jurisdiction of offenses and suits

Summary

Gives United States district courts and courts in U.S. territories the power to hear criminal and civil cases about violations of this law or its rules. State and territorial courts can also hear the civil cases at the same time. Criminal cases can be started where the bad act happened. Civil suits to enforce duties or stop violations can be filed where the defendant lives, does business, or where the act happened, and the defendant can be served in any district where they live, do business, or are found. When the Commission starts a case in a U.S. district court, its subpoenas for witnesses or documents can be served anywhere in the United States, and Rule 45(c)(3)(A)(ii) of the Federal Rules of Civil Procedure does not apply to those subpoenas. Court decisions can be reviewed under sections 1254, 1291, 1292, and 1294 of title 28. The Commission cannot be charged court costs in these cases. Gives the same courts power over violations of section 80b–6 when the conduct includes significant steps in the United States, even if a foreign adviser and only foreign investors are involved, or when outside conduct has a foreseeable substantial effect in the United States.