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Fabio 76b8ec33a7 Legal corpus: the complete U.S. Code (59,740 sections, all 53 titles)
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code
now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 ->
59,740; repo total 105,704 records. Deterministic (byte-identical rerun,
verified on Title 42's 8,356 sections); make check green. make
legal-us-code default now covers every title.

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

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---
type: "LegalText"
title: "15 U.S.C. § 80b17"
description: "Penalties"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 15
title_name: "COMMERCE AND TRADE"
chapter_number: "2D"
chapter_name: "INVESTMENT COMPANIES AND ADVISERS"
section: "80b17"
citation: "15 U.S.C. § 80b17"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip"
source_identifier: "/us/usc/t15/s80b17"
source_file: "data/legal/raw/us/code/title-15/usc15.xml"
source_hash: "59c3e6b1fe7153267dd7523f1ecd83704282b38238eadd34feff47c50e20f98c"
raw_snapshot_hash: "6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059"
text_hash: "c8d09b980e535be1c5d45e669fd6788503a3318c868371b5e8424728cbb75c7b"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---
# 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.