15 U.S.C. § 77A

Section 77a · Short title

This is § 1 of the Securities Act of 1933

Amended 1 time on record

Applied in 922 court decisions — leading case Ernst & Ernst v. Hochfelder (1976)

Most recently applied in Pino v. Cardone Capital, LLC (June 2025)

Applied most in the Second Circuit Circuit (42 decisions)

Cases citing this section usually also cite 15 U.S.C. § 78A · 15 U.S.C. § 78J · 15 U.S.C. § 77K

How often courts cite this section

citing decisions per year

Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

This subchapter may be cited as the “Securities Act of 1933”.

Editorial notes U.S. Code · Office of the Law Revision Counsel

Short Title of 1980 Amendment

Pub. L. 96–477, title VI, §601, Oct. 21, 1980, 94 Stat. 2294, provided that: “This title [amending sections 77b and 77d of this title] may be cited as the ‘Small Business Issuers’ Simplification Act of 1980’.”

Cross References

Regulation of securities—

Corporation of Foreign Bondholders Act, 1933, as constituting sections 77bb to 77mm of this title, see section 77mm of this title.

Investment Advisers Act of 1940 as constituting sections 80b–1 to 80b–21 of this title, see section 80b–20 of this title.

Investment Company Act of 1940 as constituting sections 80a–1 to 80a–64 of this title, see section 80a–51 of this title.

Public Utility Holding Company Act of 1935 as constituting sections 79 to 79z–6 of this title, see section 79 of this title.

Securities Exchange Act of 1934 as constituting sections 78a to 78kk of this title, see section 78a of this title.

Securities Investor Protection Act of 1970 as constituting sections 78aaa to 78lll of this title, see section 78aaa of this title.

Trust Indenture Act of 1939 as constituting sections 77aaa to 77bbbb of this title, see section 77aaa of this title.