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republic-os/legal/us/code/title-15/chapter-2d/section-80b-7.md
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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. § 80b7"
description: "Material misstatements"
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: "80b7"
citation: "15 U.S.C. § 80b7"
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/s80b7"
source_file: "data/legal/raw/us/code/title-15/usc15.xml"
source_hash: "e6036411611575a34e88c28af2133a39134bc7c293cc6fd697ec7045222817e8"
raw_snapshot_hash: "6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059"
text_hash: "372e28eba73e63f9bd92db148add299f829ec9e828e6ebb7184968fa1321f923"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---
# 15 U.S.C. § 80b7 - Material misstatements
## Text
It shall be unlawful for any person willfully to make any untrue statement of a material fact in any registration application or report filed with the Commission under section 80b3 or 80b4 of this title, or willfully to omit to state in any such application or report any material fact which is required to be stated therein.
(Aug. 22, 1940, ch. 686, title II, § 207, 54 Stat. 853.)
## Notes
Executive Documents
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.