15 U.S.C. § 77Z
Section 77z · General exemptive authority
This is § 28 of the Securities Act of 1933
Amended 2 times on record
Applied in 1 court decisions — leading case In Re Initial Public Offering Antitrust Litigation (2003)
Most recently applied in In Re Initial Public Offering Antitrust Litigation (November 2003)
The Commission, by rule or regulation, may conditionally or unconditionally exempt any person, security, or transaction, or any class or classes of persons, securities, or transactions, from any provision or provisions of this subchapter or of any rule or regulation issued under this subchapter, to the extent that such exemption is necessary or appropriate in the public interest, and is consistent with the protection of investors.