Any person who willfully violates any of the provisions of this subchapter, or the rules and regulations promulgated by the Commission under authority thereof, or any person who willfully, in a registration statement filed under this subchapter, makes any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading, shall upon conviction be fined not more than $10,000 or imprisoned not more than five years, or both.
May 27, 1933, ch. 3848 Stat. 87Pub. L. 94–29, § 27(a)89 Stat. 163(, title I, § 24, ; , , .)
Editorial Notes
Amendments
Pub. L. 94–291975— substituted “$10,000” for “$5,000”.
Statutory Notes and Related Subsidiaries
Effective Date of 1975 Amendment
Pub. L. 94–29section 31(a) of Pub. L. 94–29section 78b of this titleAmendment by effective , see , set out as a note under .
Executive Documents
Transfer of Functions
64 Stat. 1265section 78d of this titleFor 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. , 15 F.R. 3175, , set out under .