15 U.S.C. § 80a–48
Penalties
United States · Title 15 — COMMERCE AND TRADE · Status: effective
Cite this
- Citation
- 15 U.S.C. § 80a–48, Penalties, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/440152
- Permanent ID
ys:prov:440152@1- SHA-256
7de3f5eb185c8834a30af4f6377c5c63d7d8c0386ecf4f04417c62befaaed029
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Full text
Any person who willfully violates any provision of this subchapter or of any rule, regulation, or order hereunder, or any person who willfully in any registration statement, application, report, account, record, or other document filed or transmitted pursuant to this subchapter or the keeping of which is required pursuant to section 80a–30(a) of this title makes any untrue statement of a material fact or omits to state any material fact necessary in order to prevent the statements made therein from being materially misleading in the light of the circumstances under which they were made, shall upon conviction be fined not more than $10,000 or imprisoned not more than five years, or both; but no person shall be convicted under this section for the violation of any rule, regulation, or order if he proves that he had no actual knowledge of such rule, regulation, or order.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Securities Acts Amendments of 1975House: no recorded tallySenate: no recorded tally