2017 US Code
Title 15 - Commerce and Trade
Chapter 2B - Securities Exchanges
Sec. 78e - Transactions on unregistered exchanges
| 15 U.S.C. § 78e (2017) |
| §78e. Transactions on unregistered exchanges |
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It shall be unlawful for any broker, dealer, or exchange, directly or indirectly, to make use of the mails or any means or instrumentality of interstate commerce for the purpose of using any facility of an exchange within or subject to the jurisdiction of the United States to effect any transaction in a security, or to report any such transaction, unless such exchange (1) is registered as national securities exchange under section 78f of this title, or (2) is exempted from such registration upon application by the exchange because, in the opinion of the Commission, by reason of the limited volume of transactions effected on such exchange, it is not practicable and not necessary or appropriate in the public interest or for the protection of investors to require such registration. |
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(June 6, 1934, ch. 404, title I, §5, 48 Stat. 885.) |
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TRANSFER OF FUNCTIONS
For 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. May 24, 1950, 15 F.R. 3175, 64 Stat. 1265, set out under section 78d of this title. |
| United States Code, 2012 Edition, Supplement 5, Title 15 - COMMERCE AND TRADE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 15 - COMMERCE AND TRADE CHAPTER 2B - SECURITIES EXCHANGES Sec. 78e - Transactions on unregistered exchanges |
| section 78e |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 48 Stat. 885 64 Stat. 1265 |
