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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 80b17 Penalties us united_states_code code_section 15 COMMERCE AND TRADE 2D INVESTMENT COMPANIES AND ADVISERS 80b17 15 U.S.C. § 80b17 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s80b17 data/legal/raw/us/code/title-15/usc15.xml 59c3e6b1fe7153267dd7523f1ecd83704282b38238eadd34feff47c50e20f98c 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 c8d09b980e535be1c5d45e669fd6788503a3318c868371b5e8424728cbb75c7b 2026-07-04 official
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15 U.S.C. § 80b17 - Penalties

Text

Any person who willfully violates any provision of this subchapter, or any rule, regulation, or order promulgated by the Commission under authority thereof, shall, upon conviction, be fined not more than $10,000, imprisoned for not more than five years, or both.

(Aug. 22, 1940, ch. 686, title II, § 217, 54 Stat. 857; Pub. L. 86750, § 15, Sept. 13, 1960, 74 Stat. 888; Pub. L. 9429, § 27(f), June 4, 1975, 89 Stat. 163.)

Notes

Editorial Notes

Amendments1975—Pub. L. 9429 substituted “imprisoned for not more than five years” for “imprisoned for not more than two years”. 1960—Pub. L. 86750 inserted “, or any rule, regulation or order promulgated by the Commission under authority thereof,”.

Statutory Notes and Related Subsidiaries

Effective Date of 1975 AmendmentAmendment by Pub. L. 9429 effective June 4, 1975, see section 31(a) of Pub. L. 9429, set out as a note under section 78b of this title.