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Title 15, Commerce and TradeRelease 119-110

§687c Injunctions and Other Orders

Title 15 › CHAPTER 14B — SMALL BUSINESS INVESTMENT PROGRAM › SUBCHAPTER III — INVESTMENT DIVISION PROGRAMS › Part A — Small Business Investment Companies › § 687c

Last updated Sep 22, 2026|Official source

Summary

If the Administration thinks a licensee or anyone else has broken or is about to break rules under this law, it can ask a federal court to stop those actions or make the person follow the rules. If the Administration shows the problem, the court can issue temporary or permanent orders to stop it and can do so without requiring a bond. The court can take control of the licensee and its property anywhere and can appoint a trustee or receiver to manage those assets. The Administration may serve as that trustee or receiver if it asks, unless the court finds a special reason not to.

Full Legal Text

Title 15, §687c

Commerce and Trade, Source: USLM XML via OLRC

(a)Grounds; jurisdiction of court
Whenever, in the judgment of the Administration, a licensee or any other person has engaged or is about to engage in any acts or practices which constitute or will constitute a violation of any provision of this chapter, or of any rule or regulation under this chapter, or of any order issued under this chapter, the Administration may make application to the proper district court of the United States or a United States court of any place subject to the jurisdiction of the United States for an order enjoining such acts or practices, or for an order enforcing compliance with such provision, rule, regulation, or order, and such courts shall have jurisdiction of such actions and, upon a showing by the Administration that such licensee or other person has engaged or is about to engage in any such acts or practices, a permanent or temporary injunction, restraining order, or other order, shall be granted without bond.
(b)Equity jurisdiction of licensee and assets thereof (c) Trusteeship or receivership over licensee
In any such proceeding the court as a court of equity may, to such extent as it deems necessary, take exclusive jurisdiction of the licensee or licensees and the assets thereof, wherever located; and the court shall have jurisdiction in any such proceeding to appoint a trustee or receiver to hold or administer under the direction of the court the assets so possessed.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

For definition of “this chapter”, referred to in subsec. (a), see

References in Text

note set out under section 661 of this title.

Amendments

1984—Subsec. (a). Pub. L. 98–620 struck out provision that the proceedings in such a case had to be made a preferred cause and had to be expedited in every way. 1966—Subsec. (c). Pub. L. 89–779 added subsec. (c).

Statutory Notes and Related Subsidiaries

Effective Date

of 1984 AmendmentAmendment by Pub. L. 98–620 not applicable to cases pending on Nov. 8, 1984, see section 403 of Pub. L. 98–620, set out as an

Effective Date

note under section 1657 of Title 28, Judiciary and Judicial Procedure.

Reference

Citations & Metadata

Citation

15 U.S.C. § 687c

Title 15, Commerce and Trade

Last Updated

Sep 22, 2026

Release point: 119-110