§79p. Misleading statements, penalty; rights and remedies additional to those existing under other laws
(a) Any person who shall make or cause to be made any statement in any application, report, registration statement, or document filed pursuant to any provision of this chapter, or any rule, regulation, or order thereunder, which statement was at the time and in the light of the circumstances under which it was made false or misleading with respect to any material fact shall be liable in the same manner, to the same extent, and subject to the same limitations as provided in section 18 of the Securities Exchange Act of 1934 [15 U.S.C. 78r] with respect to an application, report, or document filed pursuant to the Securities Exchange Act of 1934 [15 U.S.C. 78a et seq.].
(b) The rights and remedies provided by this chapter, except as provided in section 79q(b) of this title, shall be in addition to any and all other rights and remedies that may exist under the Securities Act of 1933, as amended [15 U.S.C. 77a et seq.], or the Securities Exchange Act of 1934 [15 U.S.C. 78a et seq.], or otherwise at law or in equity; but no person permitted to maintain a suit for damages under the provisions of this chapter shall recover, through satisfaction of judgment in one or more actions, a total amount in excess of his actual damages on account of the act complained of.
(Aug. 26, 1935, ch. 687, title I, §16,
References in Text
The Securities Exchange Act of 1934, referred to in subsecs. (a) and (b), is act June 6, 1934, ch. 404,
The Securities Act of 1933, referred to in subsec. (b), is act May 27, 1933, ch. 38, title I,