US Code

Public Law 119-73 (01/23/2026)

15 U.S.C. § 2070

Criminal penalties

(a)
section 2068 of this title Violation of is punishable by—
(1)
imprisonment for not more than 5 years for a knowing and willful violation of that section;
(2)
section 3571 of title 18 a fine determined under ; or
(3)
both.
(b)
section 2068 of this title Any individual director, officer, or agent of a corporation who knowingly and willfully authorizes, orders, or performs any of the acts or practices constituting in whole or in part a violation of shall be subject to penalties under this section without regard to any penalties to which that corporation may be subject under subsection (a).
(c)
(1)
In addition to the penalties provided by subsection (a), the penalty for a criminal violation of this chapter or any other Act enforced by the Commission may include the forfeiture of assets associated with the violation.
(2)
In this subsection, the term “criminal violation” means a violation of this chapter or any other Act enforced by the Commission for which the violator is sentenced to pay a fine, be imprisoned, or both.

Pub. L. 92–573, § 2186 Stat. 1225Pub. L. 110–314, title II, § 217(c)(1)122 Stat. 3060(, , ; , (2), (d), , .)

Editorial Notes

Amendments

Pub. L. 110–314, § 217(c)(1)section 2068 of this title2008—Subsec. (a). , amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “Any person who knowingly and willfully violates after having received notice of noncompliance from the Commission shall be fined not more than $50,000 or be imprisoned not more than one year, or both.”

Pub. L. 110–314, § 217(c)(2)section 2068 of this titleSubsec. (b). , struck out “, and who has knowledge of notice of noncompliance received by the corporation from the Commission,” after “”.

Pub. L. 110–314, § 217(d)Subsec. (c). , added subsec. (c).

Statutory Notes and Related Subsidiaries

Effective Date

section 34 of Pub. L. 92–573section 2051 of this titleSection effective on the sixtieth day following , see , set out as a note under .