§77x. Penalties

Any person who willfully violates any of the provisions of this subchapter, or the rules and regulations promulgated by the Commission under authority thereof, or any person who willfully, in a registration statement filed under this subchapter, 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.

(May 27, 1933, ch. 38, title I, §24, 48 Stat. 87 ; Pub. L. 94–29, §27(a), June 4, 1975, 89 Stat. 163 .)

Amendments

1975-Pub. L. 94–29 substituted "$10,000" for "$5,000".

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.

Transfer of Functions

For transfer of functions of Securities and Exchange Commission, with certain exceptions, to Chairman of such Commission, see Reorg. Plan No. 10 of 1950, §§1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1265, set out under section 78d of this title.

Cross References

Information and documents to determine eligibility of indenture trustee and analysis of indenture, section as inapplicable to, see section 77eee of this title.

Penalties under-

Investment Advisers Act of 1940, see section 80b–17 of this title.

Investment Company Act of 1940, see section 80a–48 of this title.

Public Utility Holding Company Act of 1935, see section 79z–3 of this title.

Securities Exchange Act of 1934, see section 78ff of this title.

Trust Indenture Act of 1939, see section 77yyy of this title.

Section Referred to in Other Sections

This section is referred to in section 77eee of this title; title 7 section 1932.