15 U.S.C. § 80B
Section 80b · Penalties
Amended 3 times on record
Applied in 10 court decisions — leading case Transamerica Mortgage Advisors, Inc. v. Lewis (1979)
Most recently applied in 638 F. App'x 611 - United States v. Mark Spangler (January 2016)
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.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Amendments
1975—Pub. L. 94–29 substituted “imprisoned for not more than five years” for “imprisoned for not more than two years”.
1960—Pub. L. 86–750 inserted “, or any rule, regulation or order promulgated by the Commission under authority thereof,”.
Effective Date of 1975 Amendment
Amendment by Pub. L. 94–29 effective June 4, 1975, see section 31(a) of Pub. L. 94–29, set out as a note under section 78b of this title.