15-U.S.C.-77W

§77W – Unlawful Representations

Pathway

Title 15 > Chapter 2A > Subchapter I > Section 77w

Details

• Reference: Section 77w
• Legend: §77W – Unlawful Representations
• USCode Year: 2013

Provision Content

Neither the fact that the registration statement for a security has been filed or is in effect nor the fact that a stop order is not in effect with respect thereto shall be deemed a finding by the Commission that the registration statement is true and accurate on its face or that it does not contain an untrue statement of fact or omit to state a material fact, or be held to mean that the Commission has in any way passed upon the merits of, or given approval to, such security. It shall be unlawful to make, or cause to be made to any prospective purchaser any representation contrary to the foregoing provisions of this section.

(May 27, 1933, ch. 38, title I, §23, 48 Stat. 87.)

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.

U.S. Encyclopedia of Law Coverage

15-U.S.C.-77P in the Legal Encyclopedia: Trade Law

In this entry about 15-U.S.C.-77P, find legal reference material, bibliographies and premiere content related to trade law in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade law-specific issues, written by authorities in the field.

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