2020 US Code
Title 15 - Commerce and Trade
Chapter 2A - Securities and Trust Indentures
Subchapter III - Trust Indentures
Sec. 77xxx - Unlawful representations
| 15 U.S.C. § 77xxx (2020) |
| §77xxx. Unlawful representations |
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It shall be unlawful for any person in offering, selling or issuing any security to represent or imply in any manner whatsoever that any action or failure to act by the Commission in the administration of this subchapter means that the Commission has in any way passed upon the merits of, or given approval to, any trustee, indenture or security, or any transaction or transactions therein, or that any such action or failure to act with regard to any statement or report filed with or examined by the Commission pursuant to this subchapter or any rule, regulation, or order thereunder, has the effect of a finding by the Commission that such statement or report is true and accurate on its face or that it is not false or misleading. |
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(May 27, 1933, ch. 38, title III, §324, as added Aug. 3, 1939, ch. 411, 53 Stat. 1176; amended Aug. 10, 1954, ch. 667, title III, §305, 68 Stat. 688.) |
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AMENDMENTS
1954—Act Aug. 10, 1954, substituted "offering, selling, or issuing" for "issuing or selling". EFFECTIVE DATE OF 1954 AMENDMENTAmendment by act Aug. 10, 1954, effective 60 days after Aug. 10, 1954, see note under section 77b of this title. TRANSFER OF FUNCTIONSFor 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, 2018 Edition, Supplement 2, Title 15 - COMMERCE AND TRADE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 15 - COMMERCE AND TRADE CHAPTER 2A - SECURITIES AND TRUST INDENTURES SUBCHAPTER III - TRUST INDENTURES Sec. 77xxx - Unlawful representations |
| section 77xxx |
| 2020 |
| January 13, 2021 |
| No |
| standard |
| 53 Stat. 1176 64 Stat. 1265 68 Stat. 688 |
