15 U.S.C. ch. 2B — Securities Exchanges (Securities Exchange Act of 1934, §§ 78a et seq.)

Restrictions on borrowing and lending by members, brokers, and dealers

— Restrictions on borrowing and lending by members, brokers, and dealers It shall be unlawful for any registered broker or dealer, member of a national…

Securities analysts and research reports

— Securities analysts and research reports (a) Analyst protections The Commission, or upon the authorization and direction of the Commission, a registered…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (a) Registration procedures (1) Application for registration (A) In general A credit…

National market system for securities; securities information processors

— National market system for securities; securities information processors (a) Congressional findings; facilitating establishment of national market system for…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (a) Registration of all persons utilizing exchange facilities to effect transactions; exemptions (1) It…

Margin requirements

— Margin requirements (a) Rules and regulations for extension of credit; standard for initial extension; undermargined accounts For the purpose of preventing…

Records and reports

— Records and reports (a) Rules and regulations (1) Every national securities exchange, member thereof, broker or dealer who transacts a business in securities…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (a) Registration procedures; notice of filing; other regulatory agencies (1)…

Transfer of functions with respect to assignment of personnel to chairman

— Transfer of functions with respect to assignment of personnel to chairman In addition to the functions transferred by the provisions of Reorganization Plan…

Appearance and practice before the Commission

— Appearance and practice before the Commission (a) Authority to censure The Commission may censure any person, or deny, temporarily or permanently, to any…

Compensation committees

— Compensation committees (a) Independence of compensation committees (1) Listing standards The Commission shall, by rule, direct the national securities…

Investor Advisory Committee

— Investor Advisory Committee (a) Establishment and purpose (1) Establishment There is established within the Commission the Investor Advisory Committee…

Court review of orders and rules

— Court review of orders and rules (a) Final Commission orders; persons aggrieved; petition; record; findings; affirmance, modification, enforcement, or…

Civil penalties for insider trading

— Civil penalties for insider trading (a) Authority to impose civil penalties (1) Judicial actions by Commission authorized Whenever it shall appear to the…

Unlawful representations

— Unlawful representations No action or failure to act by the Commission or the Board of Governors of the Federal Reserve System, in the administration of this…

Triennial report on personnel management

— Triennial report on personnel management (a) Triennial report required Once every 3 years, the Comptroller General of the United States shall submit a report…

Deadline for completing enforcement investigations and compliance examinations and inspections

— Deadline for completing enforcement investigations and compliance examinations and inspections (a) Enforcement investigations (1) In general Not later than…

Transaction fees

— Transaction fees (a) Recovery of costs of annual appropriation The Commission shall, in accordance with this section, collect transaction fees and…

Public availability of information

— Public availability of information (a) “Records” defined For purposes of section 552 of title 5 the term “records” includes all applications, statements…

Definitions and application

— Definitions and application (a) Definitions When used in this chapter, unless the context otherwise requires— (1) The term “exchange” means any organization…

Reporting requirements regarding coal or other mine safety

— Reporting requirements regarding coal or other mine safety (a) Reporting mine safety information Each issuer that is required to file reports pursuant to…

Applications for unlisted trading privileges deemed filed under section 78l of this title

— Applications for unlisted trading privileges deemed filed under section 78l of this title Any application to continue unlisted trading privileges for any…

Manipulation of security prices

— Manipulation of security prices (a) Transactions relating to purchase or sale of security It shall be unlawful for any person, directly or indirectly, by the…

Registered securities associations

— Registered securities associations (a) Registration; application An association of brokers and dealers may be registered as a national securities association…

Report and certification of internal supervisory controls

— Report and certification of internal supervisory controls (a) Annual reports and certification Not later than 90 days after the end of each fiscal year, the…

Shareholder approval of executive compensation

— Shareholder approval of executive compensation (a) Separate resolution required (1) In general Not less frequently than once every 3 years, a proxy or…

Additional duties of Inspector General

— Additional duties of Inspector General (a) Suggestion submissions by Commission employees (1) Hotline established The Inspector General of the Commission…

Foreign securities exchanges

— Foreign securities exchanges (a) Unlawful transactions on foreign securities exchanges It shall be unlawful for any broker or dealer, directly or indirectly…

Cease-and-desist proceedings

— Cease-and-desist proceedings (a) Authority of Commission If the Commission finds, after notice and opportunity for hearing, that any person is violating, has…

Annual financial controls audit

— Annual financial controls audit (a) Reports of Commission (1) Annual reports required Not later than 6 months after the end of each fiscal year, the…

Security-based swap execution facilities

— Security-based swap execution facilities (a) Registration (1) In general No person may operate a facility for the trading or processing of security-based…

Manipulative and deceptive devices

— Manipulative and deceptive devices It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate…

Effect on existing law

— Effect on existing law (a) Limitation on judgments (1) In general No person permitted to maintain a suit for damages under the provisions of this chapter…

Special provision relating to statute of limitations on private causes of action

— Special provision relating to statute of limitations on private causes of action (a) Effect on pending causes of action The limitation period for any private…

Data standards for security-based swap reporting

— Data standards for security-based swap reporting (a) Requirement The Commission shall, by rule, adopt data standards for all reports related to…

Liability of controlling persons and persons who aid and abet violations

— Liability of controlling persons and persons who aid and abet violations (a) Joint and several liability; good faith defense Every person who, directly or…

Validity of contracts

— Validity of contracts (a) Waiver provisions Any condition, stipulation, or provision binding any person to waive compliance with any provision of this…

Delegation of functions by Commission

— Delegation of functions by Commission (a) Authorization; functions delegable; eligible persons; application of other laws In addition to its existing…

General exemptive authority

— General exemptive authority (a) Authority (1) In general Except as provided in subsection (b), but notwithstanding any other provision of this chapter, the…

Trading by members of exchanges, brokers, and dealers

— Trading by members of exchanges, brokers, and dealers (a) Trading for own account or account of associated person; exceptions

Universal ratings symbols

— Universal ratings symbols (a) Rulemaking The Commission shall require, by rule, each nationally recognized statistical rating organization to establish…

Hearings by Commission

— Hearings by Commission Hearings may be public and may be held before the Commission, any member or members thereof, or any officer or officers of the…

Municipal securities

— Municipal securities (a) Registration of municipal securities dealers (1) (A) It shall be unlawful for any municipal securities dealer (other than one…

Study and rulemaking on assigned credit ratings

— Study and rulemaking on assigned credit ratings (a) Definition In this section, the term “structured finance product” means an asset-backed security, as…

Commission Office of Municipal Securities

— Commission Office of Municipal Securities (a) In general There shall be in the Commission an Office of Municipal Securities, which shall— (1) administer the…

Penalties

— Penalties (a) Willful violations; false and misleading statements Any person who willfully violates any provision of this chapter (other than section 78dd–1…

Periodical and other reports

— Periodical and other reports (a) Reports by issuer of security; contents Every issuer of a security registered pursuant to section 78 l of this title shall…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns (a) Prohibition It shall be unlawful for any domestic concern, other than an issuer which is subject…

Reporting and recordkeeping for certain security-based swaps

— Reporting and recordkeeping for certain security-based swaps (a) Required reporting of security-based swaps not accepted by any clearing agency or…

Rules, regulations, and orders; annual reports

— Rules, regulations, and orders; annual reports (a) Power to make rules and regulations; considerations; public disclosure (1) The Commission, the Board of…

Application of safe harbor for forward-looking statements

— Application of safe harbor for forward-looking statements (a) Applicability This section shall apply only to a forward-looking statement made by— (1) an…

Report on oversight of national securities associations

— Report on oversight of national securities associations (a) Report required Not later than 2 years after July 21, 2010 , and every 3 years thereafter, the…

Clearing for security-based swaps

— Clearing for security-based swaps (a) In general (1) Standard for clearing It shall be unlawful for any person to engage in a security-based swap unless that…

Liabilities arising prior to amendment unaffected

— Liabilities arising prior to amendment unaffected Nothing in this Act shall be deemed to extinguish any liability which may have arisen prior to the…

Directors, officers, and principal stockholders

— Directors, officers, and principal stockholders (a) Disclosures required (1) Directors, officers, and principal stockholders required to file Every person…

Swap agreements

— Swap agreements (a) [Reserved] (b) Security-based swap agreements (1) The definition of “security” in section 78c(a)(10) of this title does not include any…

Implementation and transition provisions for whistleblower protection

— Implementation and transition provisions for whistleblower protection (a) Implementing rules The Commission shall issue final regulations implementing the…

Tennessee Valley Authority

— Tennessee Valley Authority (a) In general Commencing with the issuance by the Tennessee Valley Authority of an annual report on Commission Form 10–K (or any…

Small Business Capital Formation Advisory Committee

— Small Business Capital Formation Advisory Committee (a) Establishment and purpose (1) Establishment There is established within the Commission the Small…

Automated quotation systems for penny stocks

— Automated quotation systems for penny stocks (a) Findings The Congress finds that— (1) the market for penny stocks suffers from a lack of reliable and…

Audit requirements

— Audit requirements (a) In general Each audit required pursuant to this chapter of the financial statements of an issuer by a registered public accounting…

Jurisdiction of offenses and suits

— Jurisdiction of offenses and suits (a) In general The district courts of the United States and the United States courts of any Territory or other place…

Short title

— Short title This chapter may be cited as the “Securities Exchange Act of 1934.”

Brokers deemed to be registered

— Brokers deemed to be registered All brokers and dealers for whom registration was in effect on May 27, 1936 , in accordance with rules and regulations of the…

Liability for misleading statements

— Liability for misleading statements (a) Persons liable; persons entitled to recover; defense of good faith; suit at law or in equity; costs, etc. Any person…

Proxies

— Proxies (a) Solicitation of proxies in violation of rules and regulations (1) It shall be unlawful for any person, by the use of the mails or by any means or…

Investigations and actions

— Investigations and actions (a) Authority and discretion of Commission to investigate violations

Securities and Exchange Commission

— Securities and Exchange Commission (a) Establishment; composition; limitations on commissioners; terms of office There is hereby established a Securities and…

Securities whistleblower incentives and protection

— Securities whistleblower incentives and protection (a) Definitions In this section the following definitions shall apply: (1) Covered judicial or…

Requirements for the EDGAR system

— Requirements for the EDGAR system The Commission, by rule or regulation— (1) shall provide that any information in the EDGAR system that is required to be…

Segregation of assets held as collateral in security-based swap transactions

— Segregation of assets held as collateral in security-based swap transactions (a) Registration requirement It shall be unlawful for any person to accept any…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (a) Congressional findings; facilitating establishment of system (1) The Congress…

Separability

— Separability If any provision of this chapter, or the application of such provision to any person or circumstances, shall be held invalid, the remainder of…

Private securities litigation

— Private securities litigation (a) Private class actions (1) In general The provisions of this subsection shall apply in each private action arising under…

Prohibited foreign trade practices by persons other than issuers or domestic concerns

— Prohibited foreign trade practices by persons other than issuers or domestic concerns (a) Prohibition It shall be unlawful for any person other than an…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (a) Registration (1) Security-based swap dealers It…

Liability to contemporaneous traders for insider trading

— Liability to contemporaneous traders for insider trading (a) Private rights of action based on contemporaneous trading Any person who violates any provision…

Effective date of certain sections

— Effective date of certain sections This Act shall become effective on May 27, 1936 ; except that clause (2) of subsection (f) of section 78 l of this title…

Securities-related derivatives

— Securities-related derivatives (a) Any agreement, contract, or transaction (or class thereof) that is exempted by the Commodity Futures Trading Commission…

Government securities brokers and dealers

— Government securities brokers and dealers (a) Registration requirements; notice to regulatory agencies; manner of registration; exemption from registration…

Effective date

— Effective date This chapter shall become effective on July 1, 1934 , except that sections 78f and 78 l (b to e) of this title shall become effective on…

Necessity for regulation

— Necessity for regulation For the reasons hereinafter enumerated, transactions in securities as commonly conducted upon securities exchanges and…

Credit risk retention

— Credit risk retention (a) Definitions In this section— (1) the term “Federal banking agencies” means the Office of the Comptroller of the Currency, the Board…

Position limits and position accountability for security-based swaps and large trader reporting

— Position limits and position accountability for security-based swaps and large trader reporting (a) Position limits As a means reasonably designed to prevent…

Recovery of erroneously awarded compensation policy

— Recovery of erroneously awarded compensation policy (a) Listing standards The Commission shall, by rule, direct the national securities exchanges and…

Corporate governance

— Corporate governance Not later than 180 days after July 21, 2010 , the Commission shall issue rules that require an issuer to disclose in the annual proxy…

Registration requirements for securities

— Registration requirements for securities (a) General requirement of registration It shall be unlawful for any member, broker, or dealer to effect any…

National securities exchanges

— National securities exchanges (a) Registration; application An exchange may be registered as a national securities exchange under the terms and conditions…

Prohibited foreign trade practices by issuers

— Prohibited foreign trade practices by issuers (a) Prohibition It shall be unlawful for any issuer which has a class of securities registered pursuant to…

Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Home Loan Banks

— Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Home Loan Banks (a) Federal National Mortgage Association and Federal…

Civil remedies in administrative proceedings

— Civil remedies in administrative proceedings (a) Commission authority to assess money penalties (1) In general In any proceeding instituted pursuant to…

Authorization of appropriations

— Authorization of appropriations In addition to any other funds authorized to be appropriated to the Commission, there are authorized to be appropriated to…

Transactions on unregistered exchanges

— Transactions on unregistered exchanges It shall be unlawful for any broker, dealer, or exchange, directly or indirectly, to make use of the mails or any…

Periodical and other reports

— Periodical and other reports (2) such annual reports (and such copies thereof), certified if required by the rules and regulations of the Commission by…

Public availability of information

— Public availability of information (2) the Commission obtains such records pursuant to (A) such procedure as the Commission may authorize for use in…

Tennessee Valley Authority

— Tennessee Valley Authority (1) of this title . (c) No effect on TVA authority Nothing in this section shall be construed to diminish, impair, or otherwise…

Cease-and-desist proceedings

— Cease-and-desist proceedings (1) In general Whenever the Commission determines that the alleged violation or threatened violation specified in the notice…

Reporting requirements regarding coal or other mine safety

— Reporting requirements regarding coal or other mine safety (2) ); (E) the total number of imminent danger orders issued under section 107(a) of such Act ( 30…

Shareholder approval of executive compensation

— Shareholder approval of executive compensation (1) Disclosure In any proxy or consent solicitation material (the solicitation of which is subject to the…

Triennial report on personnel management

— Triennial report on personnel management (2) an evaluation of any improvements made with respect to the areas described in paragraph (1) since the date of…

Manipulation of security prices

— Manipulation of security prices (2) To effect, alone or with 1 or more other persons, a series of transactions in any security registered on a national…

Segregation of assets held as collateral in security-based swap transactions

— Segregation of assets held as collateral in security-based swap transactions (1) Use of funds (A) In general Notwithstanding subsection (b), money…

National market system for securities; securities information processors

— National market system for securities; securities information processors (2) The Commission is directed, therefore, having due regard for the public…

Effect on existing law

— Effect on existing law (4) Other State provisions No provision of State law regarding the offer, sale, or distribution of securities shall apply to any…

Civil penalties for insider trading

— Civil penalties for insider trading (3) Amount of penalty for controlling person The amount of the penalty which may be imposed on any person who, at the…

Deadline for completing enforcement investigations and compliance examinations and inspections

— Deadline for completing enforcement investigations and compliance examinations and inspections (1) In general Not later than 180 days after the date on which…

Report on oversight of national securities associations

— Report on oversight of national securities associations (8) the policies regarding the employment of former employees of national securities associations by…

Reporting and recordkeeping for certain security-based swaps

— Reporting and recordkeeping for certain security-based swaps (3) Reporting obligations (A) Security-based swaps in which only 1 counterparty is a…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (1) of this subsection. (B) The Commission shall use its authority under this chapter…

Liability of controlling persons and persons who aid and abet violations

— Liability of controlling persons and persons who aid and abet violations (3) of section 78u(d) of this title ), unless the controlling person acted in good…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns (2) any foreign political party or official thereof or any candidate for foreign political office for…

Penalties

— Penalties for such failure to file which might be deemed to arise under subsection (a) of this section, shall be payable into the Treasury of the United…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (62)(B) of this title with respect to which the applicant intends to apply for…

Additional duties of Inspector General

— Additional duties of Inspector General (4) any action the Commission has taken in response to suggestions or allegations received under subsection (a). (e)…

Application of safe harbor for forward-looking statements

— Application of safe harbor for forward-looking statements (4)(B) of this title; or (ii) has been made the subject of a judicial or administrative decree or…

Investor Advisory Committee

— Investor Advisory Committee (1) In general The members of the Committee shall elect, from among the members of the Committee— (A) a chairman, who may not be…

Security-based swap execution facilities

— Security-based swap execution facilities (1) Compliance with core principles (A) In general To be registered, and maintain registration, as a security-based…

Prohibited foreign trade practices by persons other than issuers or domestic concerns

— Prohibited foreign trade practices by persons other than issuers or domestic concerns (2) any foreign political party or official thereof or any candidate…

Position limits and position accountability for security-based swaps and large trader reporting

— Position limits and position accountability for security-based swaps and large trader reporting (68) of section 78c(a) of this title ; and (B) any other…

Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Home Loan Banks

— Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Home Loan Banks (3) Federal Home Loan Mortgage Corporation The term…

Prohibited foreign trade practices by issuers

— Prohibited foreign trade practices by issuers (2) any foreign political party or official thereof or any candidate for foreign political office for purposes…

Records and reports

— Records and reports (1) Procedures for cooperation with other agencies All records of persons described in subsection (a) of this section are subject at any…

General exemptive authority

— General exemptive authority (79) of section 78c(a) of this title , and sections 78j–2(a), 78j–2(b), 78j–2(c), 78m–1, 78 o –10, 78q–1(g), 78q–1(h), 78q–1(i)…

Definitions and application

— Definitions and application (3) (A) The term “member” when used with respect to a national securities exchange means (i) any natural person permitted to…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (5) Transition Not later than 1 year after July 21…

Securities whistleblower incentives and protection

— Securities whistleblower incentives and protection (2)(D)(i) that is based upon the original information provided by a whistleblower pursuant to subsection…

Securities and Exchange Commission

— Securities and Exchange Commission (2) the terms of office of the commissioners first taking office after June 6, 1934 , shall expire as designated by the…

Transaction fees

— Transaction fees that for fiscal year 2007 and each succeeding fiscal year such assessment shall be equal to $0.0042 for each such transaction. (e) Dates for…

Necessity for regulation

— Necessity for regulation (2) The prices established and offered in such transactions are generally disseminated and quoted throughout the United States and…

Civil remedies in administrative proceedings

— Civil remedies in administrative proceedings (4)(E) of this title, with a view to preventing violations of the provisions of such statutes, rules and…

Proxies

— Proxies (1) It shall be unlawful for any member of a national securities exchange, or any broker or dealer registered under this chapter, or any bank…

Automated quotation systems for penny stocks

— Automated quotation systems for penny stocks (2) Characteristics of systems Each such automated quotation system shall— (A) be operated by a registered…

Liability to contemporaneous traders for insider trading

— Liability to contemporaneous traders for insider trading (4) Statute of limitations No action may be brought under this section more than 5 years after the…

Investigations and actions

— Investigations and actions (1) The Commission may, in its discretion, make such investigations as it deems necessary to determine whether any person has…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (2) With respect to an application for registration filed by a clearing agency…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (1) A broker or dealer may be registered by filing with the Commission an application for registration in…

Compensation committees

— Compensation committees (1) shall permit a national securities exchange or a national securities association to exempt a particular relationship from the…

Court review of orders and rules

— Court review of orders and rules (5) If either party applies to the court for leave to adduce additional evidence and shows to the satisfaction of the court…

Delegation of functions by Commission

— Delegation of functions by Commission (1) denies any request for action pursuant to section 77h(a) or section 77h(c) of this title or the first sentence of…

Clearing for security-based swaps

— Clearing for security-based swaps (2) Swap submissions (A) A clearing agency shall submit to the Commission each security-based swap, or any group, category…

National securities exchanges

— National securities exchanges (3) The rules of the exchange assure a fair representation of its members in the selection of its directors and administration…

Registered securities associations

— Registered securities associations (3) Subject to the provisions of subsection (g) of this section, the rules of the association provide that any registered…

Margin requirements

— Margin requirements (2) of this subsection, until July 1, 1936 , the lowest price at which a security has sold on or after July 1, 1933 , shall be considered…

Government securities brokers and dealers

— Government securities brokers and dealers (2) of this subsection. (B) (i) It shall be unlawful for any government securities broker or government securities…

Manipulative and deceptive devices

— Manipulative and deceptive devices (1) may be construed to limit the authority of the appropriate Federal banking agency (as defined in section 1813(q) of…

Liability for misleading statements

— Liability for misleading statements one year after the discovery of the facts constituting the cause of action and within three years after such cause of…

Report and certification of internal supervisory controls

— Report and certification of internal supervisory controls (1) shall certify that the individual— (A) is directly responsible for establishing and maintaining…

Directors, officers, and principal stockholders

— Directors, officers, and principal stockholders (2) Time of filing The statements required by this subsection shall be filed— (A) at the time of the…

Audit requirements

— Audit requirements (1) Investigation and report to management If, in the course of conducting an audit pursuant to this chapter to which subsection (a)…

Small Business Capital Formation Advisory Committee

— Small Business Capital Formation Advisory Committee (1) In general The members of the Committee shall be— (A) the Advocate for Small Business Capital…

Municipal securities

— Municipal securities (2) A municipal securities dealer or municipal advisor may be registered by filing with the Commission an application for registration…

Rules, regulations, and orders; annual reports

— Rules, regulations, and orders; annual reports (2) The Commission and the Secretary of the Treasury, in making rules and regulations pursuant to any…

Private securities litigation

— Private securities litigation (4). (B) Nonwaiver of attorney-client privilege The certification filed pursuant to subparagraph (A) shall not be construed to…

Validity of contracts

— Validity of contracts (3) of subsection (c) of section 78 o of this title, and (B) that no contract shall be deemed to be void by reason of this subsection…

Jurisdiction of offenses and suits

— Jurisdiction of offenses and suits (3)(A)(ii) of the Federal Rules of Civil Procedure shall not apply to a subpoena issued under the preceding sentence…

Registration requirements for securities

— Registration requirements for securities (1) Such information, in such detail, as to the issuer and any person directly or indirectly controlling or…

Trading by members of exchanges, brokers, and dealers

— Trading by members of exchanges, brokers, and dealers (1) It shall be unlawful for any member of a national securities exchange to effect any transaction on…

Credit risk retention

— Credit risk retention (1) Standards The regulations prescribed under subsection (b) shall— (A) prohibit a securitizer from directly or indirectly hedging or…

Securities analysts and research reports

— Securities analysts and research reports (1) to foster greater public confidence in securities research, and to protect the objectivity and independence of…

Study and rulemaking on assigned credit ratings

— Study and rulemaking on assigned credit ratings (1) the findings of the study required under subsection (b); and (2) any recommendations for regulatory or…

Foreign securities exchanges

— Foreign securities exchanges this chapter that was added by the Wall Street Transparency and Accountability Act of 2010. This subsection shall not be…

Municipal securities

— Municipal securities (3) Any provision of this chapter (other than section 78e of this title or paragraph (1) of this subsection) which prohibits any act…

Registration requirements for securities

— Registration requirements for securities be deemed a material contract; (J) balance sheets for not more than the three preceding fiscal years, certified if…

Triennial report on personnel management

— Triennial report on personnel management (2) Crediting and use of reimbursements Such reimbursements shall— (A) be credited to the appropriation account…

Cease-and-desist proceedings

— Cease-and-desist proceedings (1) shall apply only to a respondent that acts, or, at the time of the alleged misconduct acted, as a broker, dealer, investment…

Prohibited foreign trade practices by issuers

— Prohibited foreign trade practices by issuers (3) any person, while knowing that all or a portion of such money or thing of value will be offered, given, or…

Directors, officers, and principal stockholders

— Directors, officers, and principal stockholders (2) shall contain a statement of the amount of all equity securities of such issuer of which the filing…

National securities exchanges

— National securities exchanges (2) of this title) its members and persons associated with its members shall be appropriately disciplined for violation of the…

Effect on existing law

— Effect on existing law (2) on any person who has agreed to be bound thereby. (c) Continuing validity of disciplinary sanctions The stay, setting aside, or…

Rules, regulations, and orders; annual reports

— Rules, regulations, and orders; annual reports (3) The Commission and the Secretary, in making rules and regulations pursuant to any provision of this…

Reporting and recordkeeping for certain security-based swaps

— Reporting and recordkeeping for certain security-based swaps (1) upon written request from the Commission, provide reports regarding the security-based swaps…

Shareholder approval of executive compensation

— Shareholder approval of executive compensation (1) shall include a separate resolution subject to shareholder vote to approve such agreements or…

Compensation committees

— Compensation committees (2) Rules The Commission shall identify factors that affect the independence of a compensation consultant, legal counsel, or other…

Credit risk retention

— Credit risk retention (2)(B); (C) specify— (i) the permissible forms of risk retention for purposes of this section; (ii) the minimum duration of the risk…

Civil penalties for insider trading

— Civil penalties for insider trading (2) Additional restrictions on liability No person shall be subject to a penalty under subsection (a) solely by reason of…

Civil remedies in administrative proceedings

— Civil remedies in administrative proceedings (2), the maximum amount of penalty for each such act or omission shall be $100,000 for a natural person or…

Securities analysts and research reports

— Securities analysts and research reports (3) to establish structural and institutional safeguards within registered brokers or dealers to assure that…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns (3) any person, while knowing that all or a portion of such money or thing of value will be offered…

Security-based swap execution facilities

— Security-based swap execution facilities (4) Monitoring of trading and trade processing The security-based swap execution facility shall— (A) establish and…

Public availability of information

— Public availability of information (3) Nonwaiver of privileged information provided to the Commission (A) In general Federal agencies, State securities and…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (1) Except as otherwise provided in this section, it shall be unlawful for any…

Private securities litigation

— Private securities litigation (3) Appointment of lead plaintiff (A) Early notice to class members (i) In general Not later than 20 days after the date on…

Validity of contracts

— Validity of contracts (1) to affect the validity of any loan or extension of credit (or any extension or renewal thereof) made or of any lien created prior…

Securities and Exchange Commission

— Securities and Exchange Commission (3) Leasing authority Nothwithstanding 1 any other provision of law, the Commission is authorized to enter directly into…

Audit requirements

— Audit requirements (2) Response to failure to take remedial action If, after determining that the audit committee of the board of directors of the issuer, or…

Margin requirements

— Margin requirements (2), in contravention of the rules and regulations which the Board of Governors of the Federal Reserve System (hereafter in this section…

Manipulation of security prices

— Manipulation of security prices (4) If a dealer, broker, security-based swap dealer, major security-based swap participant, or other person selling or…

Transaction fees

— Transaction fees (1) Offsetting collections Fees collected pursuant to subsections (b), (c), and (d) for any fiscal year— (A) shall be deposited and credited…

Segregation of assets held as collateral in security-based swap transactions

— Segregation of assets held as collateral in security-based swap transactions (2) Commission action Notwithstanding subsection (b), in accordance with such…

Registered securities associations

— Registered securities associations (7) The rules of the association provide that (subject to any rule or order of the Commission pursuant to section 78q(d)…

Trading by members of exchanges, brokers, and dealers

— Trading by members of exchanges, brokers, and dealers normally is derived principally from such business and related activities and (ii) such transaction is…

Reporting requirements regarding coal or other mine safety

— Reporting requirements regarding coal or other mine safety (2) The receipt of written notice from the Mine Safety and Health Administration that the coal or…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (2) Exception for prudential requirements (A) In…

Investor Advisory Committee

— Investor Advisory Committee (2) while away from the home or regular place of business of the member in the performance of services for the Committee, be…

Proxies

— Proxies (1) shall not require the disclosure of the names of beneficial owners of securities in an account held by the bank on December 28, 1985 , unless the…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (64) of this title ; and (II) has used the credit ratings of the applicant for at…

Prohibited foreign trade practices by persons other than issuers or domestic concerns

— Prohibited foreign trade practices by persons other than issuers or domestic concerns (3) any person, while knowing that all or a portion of such money or…

Clearing for security-based swaps

— Clearing for security-based swaps (2), the Commission shall take into account the following factors: (i) The existence of significant outstanding notional…

Small Business Capital Formation Advisory Committee

— Small Business Capital Formation Advisory Committee (3) Members not Commission employees Members appointed under subparagraph (B), (C)(ii), or (C)(iii) of…

Periodical and other reports

— Periodical and other reports (1) The Commission may prescribe, in regard to reports made pursuant to this chapter, the form or forms in which the required…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers broker or dealer, by rule or order, from such membership. The Commission shall deny such registration if…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (1)(B) of this subsection of such appropriate regulatory agency’s (i)…

National market system for securities; securities information processors

— National market system for securities; securities information processors (2) of this subsection— (A) to create one or more advisory committees pursuant to…

Report and certification of internal supervisory controls

— Report and certification of internal supervisory controls (1) Report The Comptroller General of the United States shall submit to the Committee on Banking…

Liability of controlling persons and persons who aid and abet violations

— Liability of controlling persons and persons who aid and abet violations liability to any purchaser or seller of that security under such provision, rule, or…

Court review of orders and rules

— Court review of orders and rules (2) A copy of the petition shall be transmitted forthwith by the clerk of the court to a member of the Commission or an…

Government securities brokers and dealers

— Government securities brokers and dealers Each appropriate regulatory agency (other than the Commission) shall make available to the Commission the notices…

Automated quotation systems for penny stocks

— Automated quotation systems for penny stocks (2) a review of the activities of registered securities associations and national securities exchanges in the…

Records and reports

— Records and reports (11) of this title, exchange registered pursuant to section 78f(g) of this title , or national securities association registered pursuant…

Position limits and position accountability for security-based swaps and large trader reporting

— Position limits and position accountability for security-based swaps and large trader reporting (1), the self-regulatory organization may require such member…

Investigations and actions

— Investigations and actions (2) On request from a foreign securities authority, the Commission may provide assistance in accordance with this paragraph if the…

Definitions and application

— Definitions and application (4) Broker.— (A) In general .— The term “broker” means any person engaged in the business of effecting transactions in securities…

Application of safe harbor for forward-looking statements

— Application of safe harbor for forward-looking statements (1) In general Except as provided in subsection (b), in any private action arising under this…

Securities whistleblower incentives and protection

— Securities whistleblower incentives and protection (1) Determination of amount of award (A) Discretion The determination of the amount of an award made under…

Security-based swap execution facilities

— Security-based swap execution facilities (7) Emergency authority The security-based swap execution facility shall adopt rules to provide for the exercise of…

Civil penalties for insider trading

— Civil penalties for insider trading (4) Jurisdiction and venue For purposes of section 78aa of this title , actions under this section shall be actions to…

Application of safe harbor for forward-looking statements

— Application of safe harbor for forward-looking statements (1)(A) shall be deemed to be satisfied— (A) if the oral forward-looking statement is accompanied by…

Registration requirements for securities

— Registration requirements for securities (1)(I) above, as the Commission may require as necessary or appropriate for the proper protection of investors and…

Reporting requirements regarding coal or other mine safety

— Reporting requirements regarding coal or other mine safety (1) the terms “issuer” and “securities laws” have the meaning given the terms in section 3 of the…

Audit requirements

— Audit requirements (2) shall inform the Commission by notice not later than 1 business day after the receipt of such report and shall furnish the registered…

Prohibited foreign trade practices by issuers

— Prohibited foreign trade practices by issuers (1) the payment, gift, offer, or promise of anything of value that was made, was lawful under the written laws…

Definitions and application

— Definitions and application general terms the types of investment vehicles available from the bank and the broker or dealer under the arrangement; (VI) bank…

Transaction fees

— Transaction fees (1) for such fiscal year is reasonably likely to be 10 percent (or more) greater or less than the actual aggregate dollar volume of sales…

Government securities brokers and dealers

— Government securities brokers and dealers (1)(A) of this subsection may be registered by filing with the Commission an application for registration in such…

Directors, officers, and principal stockholders

— Directors, officers, and principal stockholders (5) Authority to exempt The Commission by rule, regulation, or order, may conditionally or unconditionally…

Private securities litigation

— Private securities litigation interests of class members (hereafter in this paragraph referred to as the “most adequate plaintiff”) in accordance with this…

Clearing for security-based swaps

— Clearing for security-based swaps (2), the Commission, on application of a counterparty to a security-based swap or on its own initiative, may stay the…

Municipal securities

— Municipal securities (2)(B),, 1 which shall perform the duties set forth in this section. The members of the Board shall serve as members for a term of 3…

Rules, regulations, and orders; annual reports

— Rules, regulations, and orders; annual reports (2) The appropriate regulatory agency for a self-regulatory organization shall include in its annual report to…

Securities and Exchange Commission

— Securities and Exchange Commission other law, the Commission may provide by rule that such fee shall be paid in a manner other than in cash and the…

Investigations and actions

— Investigations and actions or refusal to obey a subpena issued to, any person, the Commission may invoke the aid of any court of the United States within the…

Court review of orders and rules

— Court review of orders and rules (5) If proceedings have been instituted under this subsection in two or more courts of appeals with respect to the same…

Securities whistleblower incentives and protection

— Securities whistleblower incentives and protection (2) Denial of award No award under subsection (b) shall be made— (A) to any whistleblower who is, or was…

Civil remedies in administrative proceedings

— Civil remedies in administrative proceedings (5) the need to deter such person and other persons from committing such acts or omissions; and (6) such other…

National securities exchanges

— National securities exchanges (5) of section 78n(h) of this title ), unless such transaction was conducted in accordance with procedures designed to protect…

Securities analysts and research reports

— Securities analysts and research reports (3) whether an issuer, the securities of which are recommended in the appearance or research report, currently is…

Segregation of assets held as collateral in security-based swap transactions

— Segregation of assets held as collateral in security-based swap transactions for uncleared security-based swaps (1) Segregation of assets held as collateral…

Credit risk retention

— Credit risk retention for— (i) a total or partial exemption of any securitization, as may be appropriate in the public interest and for the protection of…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (1) of this subsection. If the Commission grants such registration, the registration shall terminate on…

Manipulation of security prices

— Manipulation of security prices (6) To effect either alone or with one or more other persons any series of transactions for the purchase and/or sale of any…

National market system for securities; securities information processors

— National market system for securities; securities information processors (1) Except as otherwise provided in this section, it shall be unlawful for any…

Compensation committees

— Compensation committees (1) Authority to retain compensation consultant (A) In general The compensation committee of an issuer, in its capacity as a…

Records and reports

— Records and reports (11) of this title; (B) exchange 3 registered pursuant to section 78f(g) of this title ; or (C) national 4 securities association…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (2) Rules (A) Security-based swap dealers and major…

Small Business Capital Formation Advisory Committee

— Small Business Capital Formation Advisory Committee (2) while away from the home or regular place of business of the member in the performance of services…

Prohibited foreign trade practices by persons other than issuers or domestic concerns

— Prohibited foreign trade practices by persons other than issuers or domestic concerns (1) the payment, gift, offer, or promise of anything of value that was…

Trading by members of exchanges, brokers, and dealers

— Trading by members of exchanges, brokers, and dealers (2) The Commission, by rule, as it deems necessary or appropriate in the public interest and for the…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (2) A clearing agency may be registered under the terms and conditions hereinafter…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns (1) the payment, gift, offer, or promise of anything of value that was made, was lawful under the…

Shareholder approval of executive compensation

— Shareholder approval of executive compensation (2) Treatment of emerging growth companies (A) In general An emerging growth company shall be exempt from the…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (62)(B) of this title ; or (ii) institute proceedings to determine whether…

Periodical and other reports

— Periodical and other reports (2) Every issuer which has a class of securities registered pursuant to section 78 l of this title and every issuer which is…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (1) Each self-regulatory organization shall file with the Commission, in…

Cease-and-desist proceedings

— Cease-and-desist proceedings (3) Temporary freeze (A) In general (i) Issuance of temporary order Whenever, during the course of a lawful investigation…

Effect on existing law

— Effect on existing law or political subdivision. No State or political subdivision thereof shall impose any tax on securities which are deposited in or…

Registered securities associations

— Registered securities associations (11) The rules of the association include provisions governing the form and content of quotations relating to securities…

Proxies

— Proxies (1) It shall be unlawful for any person, directly or indirectly, by use of the mails or by any means or instrumentality of interstate commerce or of…

Margin requirements

— Margin requirements (2) Margin regulations (A) Compliance with margin rules required It shall be unlawful for any broker, dealer, or member of a national…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns (2) For the purpose of any civil investigation which, in the opinion of the Attorney General, is…

Margin requirements

— Margin requirements for a security future product not be lower than the lowest level of margin, exclusive of premium, required for any comparable option…

Periodical and other reports

— Periodical and other reports (2) of this subsection shall be imposed upon any person acting in cooperation with the head of any Federal department or agency…

Security-based swap execution facilities

— Security-based swap execution facilities (10) Antitrust considerations Unless necessary or appropriate to achieve the purposes of this chapter, the…

Transaction fees

— Transaction fees (1) shall take effect on the later of— (i) the first day of the fiscal year to which such rate applies; or (ii) 60 days after the date on…

Government securities brokers and dealers

— Government securities brokers and dealers –3 of this title, unless the Commission has exempted such government securities broker or government securities…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (4) of this subsection, the rules of the clearing agency provide that any (i)…

Directors, officers, and principal stockholders

— Directors, officers, and principal stockholders request or shall fail diligently to prosecute the same thereafter; but no such suit shall be brought more…

Proxies

— Proxies (2)(G) of this title, or any equity security issued by a a closed-end investment company registered under the Investment Company Act of 1940 [ 15…

Prohibited foreign trade practices by issuers

— Prohibited foreign trade practices by issuers (2) general precautionary procedures which issuers may use on a voluntary basis to conform their conduct to the…

Court review of orders and rules

— Court review of orders and rules (2) The filing of a petition under this section does not operate as a stay of the Commission’s order or rule. Until the…

Definitions and application

— Definitions and application percentage of assets under management, or a flat or capped per order processing fee equal to not more than the cost incurred by…

Securities and Exchange Commission

— Securities and Exchange Commission (2) Investor Advocate (A) In general The head of the Office shall be the Investor Advocate, who shall— (i) report directly…

Cease-and-desist proceedings

— Cease-and-desist proceedings extension period), the order shall remain in effect, subject to court approval, until the conclusion of any legal proceedings…

Securities analysts and research reports

— Securities analysts and research reports (1) the term “securities analyst” means any associated person of a registered broker or dealer that is principally…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (1), the Commission shall— (I) by order, approve or disapprove the proposed…

Registered securities associations

— Registered securities associations (5) of section 78n(h) of this title ) unless such transaction was conducted in accordance with procedures designed to…

National market system for securities; securities information processors

— National market system for securities; securities information processors (2) A securities information processor may be registered by filing with the…

Trading by members of exchanges, brokers, and dealers

— Trading by members of exchanges, brokers, and dealers (1) of this subsection insofar as they apply to transactions on a national securities exchange effected…

Securities whistleblower incentives and protection

— Securities whistleblower incentives and protection (2) Required representation (A) In general Any whistleblower who anonymously makes a claim for an award…

Audit requirements

— Audit requirements (4) of subsection (b), the Commission may, in addition to entering an order under section 78u–3 of this title , impose a civil penalty…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (3) Standards for capital and margin (A) In general To…

Investigations and actions

— Investigations and actions (1) Whenever it shall appear to the Commission that any person is engaged or is about to engage in acts or practices constituting…

Credit risk retention

— Credit risk retention (2) Asset classes (A) Asset classes The regulations prescribed under subsection (b) shall establish asset classes with separate rules…

Compensation committees

— Compensation committees (2) Direct responsibility of compensation committee The compensation committee of an issuer shall be directly responsible for the…

Civil penalties for insider trading

— Civil penalties for insider trading (1) In general Subject to the rule of construction under section 10 of the STOCK Act and solely for purposes of the…

Clearing for security-based swaps

— Clearing for security-based swaps (1) In general The Commission shall prescribe rules under this section (and issue interpretations of rules prescribed under…

Municipal securities

— Municipal securities (2)(B), and shall consist of (A) 8 individuals who are independent of any municipal securities broker, municipal securities dealer, or…

Manipulation of security prices

— Manipulation of security prices (3) any transaction in any security for the account of any person who such person has reason to believe has, and who actually…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (3) Public availability of information Subject to section 78x of this title , the…

Private securities litigation

— Private securities litigation a member or members of the purported plaintiff class is the most adequate plaintiff may be conducted by a plaintiff only if the…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (3) Any provision of this chapter (other than section 78e of this title and subsection (a) of this…

Application of safe harbor for forward-looking statements

— Application of safe harbor for forward-looking statements (1), the court shall consider any statement cited in the complaint and any cautionary statement…

Segregation of assets held as collateral in security-based swap transactions

— Segregation of assets held as collateral in security-based swap transactions (1) shall— (A) apply only to a security-based swap between a counterparty and a…

National securities exchanges

— National securities exchanges As used in this paragraph, the term “dissenting limited partner” means a person who, on the date on which soliciting material…

Prohibited foreign trade practices by persons other than issuers or domestic concerns

— Prohibited foreign trade practices by persons other than issuers or domestic concerns (2) For the purpose of any civil investigation which, in the opinion of…

Rules, regulations, and orders; annual reports

— Rules, regulations, and orders; annual reports (4) The Commission shall also include in its annual report to the Congress for each fiscal year— (A) a summary…

Records and reports

— Records and reports (1) shall be construed to impair or limit (other than by the requirement of prior consultation) the power of the Commission under this…

Effect on existing law

— Effect on existing law (1) No person using the mails, or any means or instrumentality of interstate commerce, in the exercise of investment discretion with…

Registration requirements for securities

— Registration requirements for securities the foregoing provisions of this section, the Commission may by such rules and regulations as it deems necessary or…

Civil remedies in administrative proceedings

— Civil remedies in administrative proceedings (2) Security-based swap dealer or major security-based swap participant Any security-based swap dealer or major…

Cease-and-desist proceedings

— Cease-and-desist proceedings (1), with respect to any temporary cease-and-desist order entered without a prior Commission hearing, the respondent may apply…

Court review of orders and rules

— Court review of orders and rules (3) When the same order or rule is the subject of one or more petitions for review filed under this section and an action…

Directors, officers, and principal stockholders

— Directors, officers, and principal stockholders (2) if owning the security, does not deliver it against such sale within twenty days thereafter, or does not…

Investigations and actions

— Investigations and actions (1) of this subsection, the court may prohibit, conditionally or unconditionally, and permanently or for such period of time as it…

Proxies

— Proxies or given to any security holders. (2) When two or more persons act as a partnership, limited partnership, syndicate, or other group for the purpose…

Security-based swap execution facilities

— Security-based swap execution facilities (13) System safeguards The security-based swap execution facility shall— (A) establish and maintain a program of…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (1)(B)(ix)) continue to be accurate; and (B) listing any material change that occurred…

Transaction fees

— Transaction fees (1) Budget required For fiscal year 2012, and each fiscal year thereafter, the Commission shall prepare and submit a budget to the…

Trading by members of exchanges, brokers, and dealers

— Trading by members of exchanges, brokers, and dealers (2) a member to be registered as a specialist. Under the rules and regulations of the Commission a…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (3) ] thereof) in accordance with section 4f(b) of the…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (4) The Commission, by order, shall censure, place limitations on the activities, functions, or operations…

Municipal securities

— Municipal securities (2) The Board shall propose and adopt rules to effect the purposes of this chapter with respect to transactions in municipal securities…

Civil penalties for insider trading

— Civil penalties for insider trading (1) In general Subject to the rule of construction under section 10 of the STOCK Act and solely for purposes of the…

Government securities brokers and dealers

— Government securities brokers and dealers (5) The Secretary of the Treasury (hereinafter in this section referred to as the “Secretary”), by rule or order…

Records and reports

— Records and reports (2) The appropriate regulatory agency for a clearing agency, transfer agent, or municipal securities dealer for which the Commission is…

Prohibited foreign trade practices by issuers

— Prohibited foreign trade practices by issuers (1) The Attorney General, after consultation with appropriate departments and agencies of the United States and…

Clearing for security-based swaps

— Clearing for security-based swaps (2) with respect to a security-based swap or the group, category, type, or class of security-based swaps that is listed for…

National market system for securities; securities information processors

— National market system for securities; securities information processors (2) of this subsection, publish notice of the filing and afford interested persons…

Margin requirements

— Margin requirements (1) Prohibition It shall be unlawful for any person not subject to subsection (c) to extend or maintain credit or to arrange for the…

Rules, regulations, and orders; annual reports

— Rules, regulations, and orders; annual reports and tabulating such information, the manner in which the Commission uses such information, and the steps the…

Compensation committees

— Compensation committees (1) shall permit a national securities exchange or a national securities association to exempt a category of issuers from the…

Segregation of assets held as collateral in security-based swap transactions

— Segregation of assets held as collateral in security-based swap transactions (68) of this title shall be considered to be a security as such term is used in…

Manipulation of security prices

— Manipulation of security prices not include any registered warrant, right, or convertible security. (f) Persons liable; suits at law or in equity Any person…

Securities and Exchange Commission

— Securities and Exchange Commission (4) Functions of the Investor Advocate The Investor Advocate shall— (A) assist retail investors in resolving significant…

Prohibited foreign trade practices by persons other than issuers or domestic concerns

— Prohibited foreign trade practices by persons other than issuers or domestic concerns (4) All process in any such case may be served in the judicial district…

Audit requirements

— Audit requirements the operations of the Public Company Accounting Oversight Board established under section 7211 of this title (in this section referred to…

Private securities litigation

— Private securities litigation (5) Restrictions on settlements under seal The terms and provisions of any settlement agreement of a class action shall not be…

Credit risk retention

— Credit risk retention (1) In general The Federal banking agencies and the Commission may jointly adopt or issue exemptions, exceptions, or adjustments to the…

Definitions and application

— Definitions and application dividend reinvestment plan, if— (aa) the bank does not solicit transactions or provide investment advice with respect to the…

Registered securities associations

— Registered securities associations the term “dissenting limited partner” means a person who, on the date on which soliciting material is mailed to investors…

Registration requirements for securities

— Registration requirements for securities (2), subject to subparagraph (E) of this paragraph. (B) A national securities exchange may not extend unlisted…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions securities transactions, to remove impediments to and perfect the mechanism of a…

Effect on existing law

— Effect on existing law (2) A person exercising investment discretion with respect to an account shall make such disclosure of his policies and practices with…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (1), the Commission shall issue an order approving or disapproving the…

Application of safe harbor for forward-looking statements

— Application of safe harbor for forward-looking statements (1) Forward-looking statement The term “forward-looking statement” means— (A) a statement…

National securities exchanges

— National securities exchanges (10) (A) The rules of the exchange prohibit any member that is not the beneficial owner of a security registered under section…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns (3) In case of contumacy by, or refusal to obey a subpoena issued to, any person, the Attorney…

Securities whistleblower incentives and protection

— Securities whistleblower incentives and protection (3) Deposits and credits (A) In general There shall be deposited into or credited to the Fund an amount…

Periodical and other reports

— Periodical and other reports (6) Where an issuer which has a class of securities registered pursuant to section 78 l of this title or an issuer which is…

Records and reports

— Records and reports (4) The Commission or the appropriate regulatory agency may specify that documents required to be filed pursuant to this subsection with…

Manipulation of security prices

— Manipulation of security prices (1) Notwithstanding any other provision of law, the Commission shall have the authority to regulate the trading of any put…

Court review of orders and rules

— Court review of orders and rules (4) of this section and section 706 of title 5 , an order of the Commission pursuant to section 78s(a) of this title denying…

Application of safe harbor for forward-looking statements

— Application of safe harbor for forward-looking statements (5) Other terms The terms “blank check company”, “rollup transaction”, “partnership”, “limited…

National market system for securities; securities information processors

— National market system for securities; securities information processors Commission does not make any such finding. (4) A registered securities information…

Periodical and other reports

— Periodical and other reports (1) Any person who, after acquiring directly or indirectly the beneficial ownership of any equity security of a class which is…

Municipal securities

— Municipal securities with municipal securities brokers, municipal securities dealers, and municipal advisors; (ii) specify that all or any portion of such…

Government securities brokers and dealers

— Government securities brokers and dealers (1) The Secretary shall propose and adopt rules to effect the purposes of this chapter with respect to transactions…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (ii) arises out of the conduct of the business of a broker, dealer, municipal securities dealer municipal…

Credit risk retention

— Credit risk retention (4) Exemption for qualified residential mortgages (A) In general The Federal banking agencies, the Commission, the Secretary of Housing…

Prohibited foreign trade practices by issuers

— Prohibited foreign trade practices by issuers required by this paragraph in accordance with the provisions of subchapter II of chapter 5 of title 5 and that…

Clearing for security-based swaps

— Clearing for security-based swaps (2) Option to clear The application of the clearing exception in paragraph (1) is solely at the discretion of the…

Audit requirements

— Audit requirements (1) In general (A) Audit committee action All auditing services (which may entail providing comfort letters in connection with securities…

Registered securities associations

— Registered securities associations (5) of section 78n(h) of this title ), unless such transaction was conducted in accordance with procedures designed to…

Definitions and application

— Definitions and application itself out as a money market fund. (vi) Affiliate transactions .— The bank effects transactions for the account of any affiliate…

Directors, officers, and principal stockholders

— Directors, officers, and principal stockholders domestic arbitrage transactions unless made in contravention of such rules and regulations as the Commission…

Securities and Exchange Commission

— Securities and Exchange Commission (6) Annual reports (A) Report on objectives (i) In general Not later than June 30 of each year after 2010, the Investor…

Private securities litigation

— Private securities litigation (7) Disclosure of settlement terms to class members Any proposed or final settlement agreement that is published or otherwise…

Registration requirements for securities

— Registration requirements for securities the Commission— (i) shall find that such extension or extensions of unlisted trading privileges is consistent with…

Securities whistleblower incentives and protection

— Securities whistleblower incentives and protection (4) Investments (A) Amounts in Fund may be invested The Commission may request the Secretary of the…

National securities exchanges

— National securities exchanges (2) A national securities exchange may, and in cases in which the Commission, by order, directs as necessary or appropriate in…

Civil penalties for insider trading

— Civil penalties for insider trading (1)(G)(i) of this title) in any manner other than is available to members of the public generally.

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (1), unless the Commission finds good cause for so doing and publishes the…

Effect on existing law

— Effect on existing law (1) Class action limitations No covered class action based upon the statutory or common law of any State or subdivision thereof may be…

Proxies

— Proxies (6) Where any person makes a tender offer, or request or invitation for tenders, for less than all the outstanding equity securities of a class, and…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns appropriate, issue— (1) guidelines describing specific types of conduct, associated with common types…

Rules, regulations, and orders; annual reports

— Rules, regulations, and orders; annual reports ) not required to be determined on the record after notice and opportunity for hearing. Such rules shall, as a…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (2)(A)(ii) and (2)(B)(ii) shall not apply to a…

Trading by members of exchanges, brokers, and dealers

— Trading by members of exchanges, brokers, and dealers to exempt such exchange and its members from any such provision or rules and regulations. (d)…

Prohibited foreign trade practices by persons other than issuers or domestic concerns

— Prohibited foreign trade practices by persons other than issuers or domestic concerns (2) (A) The term “foreign official” means any officer or employee of a…

Margin requirements

— Margin requirements (3) Board authority The Board may impose such rules and regulations, in whole or in part, on any credit otherwise exempted by…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (3) Internal controls over processes for determining credit ratings (A) In general…

Investigations and actions

— Investigations and actions (7) of any unjust enrichment by the person who received such unjust enrichment as a result of such violation. (B) Amount of…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (4) (A) A registered clearing agency may, and in cases in which the Commission, by…

Security-based swap execution facilities

— Security-based swap execution facilities (14) Designation of chief compliance officer (A) In general Each security-based swap execution facility shall…

Cease-and-desist proceedings

— Cease-and-desist proceedings (4) Exclusive review Section 78y of this title shall not apply to a temporary order entered pursuant to this section. (e)…

Clearing for security-based swaps

— Clearing for security-based swaps (4) Treatment of affiliates (A) In general An affiliate of a person that qualifies for an exception under this subsection…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (1) In general The Commission, by order, shall censure, place limitations on the…

Registered securities associations

— Registered securities associations the term “dissenting limited partner” means a person who, on the date on which soliciting material is mailed to investors…

Manipulation of security prices

— Manipulation of security prices (2) to prohibit or constrain, during periods of extraordinary market volatility, any trading practice in connection with the…

Proxies

— Proxies (8) The provisions of this subsection shall not apply to any offer for, or request or invitation for tenders of, any security— (A) if the acquisition…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers or from engaging in or continuing any conduct or practice in connection with any such activity, or in…

Records and reports

— Records and reports (1) The Commission, by rule or order, as it deems necessary or appropriate in the public interest and for the protection of investors, to…

Government securities brokers and dealers

— Government securities brokers and dealers (2) Risk Assessment for Holding Company Systems.— (A) Obligations to obtain, maintain, and report information .—…

Municipal securities

— Municipal securities (7) of this section. (B) establish fair procedures for the nomination and election of members of the Board and assure fair…

Trading by members of exchanges, brokers, and dealers

— Trading by members of exchanges, brokers, and dealers (2) any transaction with respect to any security (other than an exempted security) unless, if the…

Security-based swap execution facilities

— Security-based swap execution facilities swap execution facility that is required to be submitted to the Commission pursuant to this section; and (II)…

Investigations and actions

— Investigations and actions (i) Payment of penalty to treasury .— A penalty imposed under this section shall be payable into the Treasury of the United…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns (1) The Attorney General, after consultation with appropriate departments and agencies of the United…

Private securities litigation

— Private securities litigation of fees and costs that will be sought (including the amount of such fees and costs determined on an average per share basis)…

National securities exchanges

— National securities exchanges (3) (A) A national securities exchange may deny membership to, or condition the membership of, a registered broker or dealer if…

Definitions and application

— Definitions and application (5)] or the rules and regulations issued thereunder; (II) at any time after the date that is 1 year after November 12, 1999 , is…

Securities whistleblower incentives and protection

— Securities whistleblower incentives and protection (4) during the preceding fiscal year; (E) the amount paid from the Fund during the preceding fiscal year…

National market system for securities; securities information processors

— National market system for securities; securities information processors (5) (A) If any registered securities information processor prohibits or limits any…

Effect on existing law

— Effect on existing law (2), a covered class action described in clause (ii) of this subparagraph that is based upon the statutory or common law of the State…

Prohibited foreign trade practices by issuers

— Prohibited foreign trade practices by issuers (1) concerning conformity of specified prospective conduct with the Department of Justice’s present enforcement…

Securities and Exchange Commission

— Securities and Exchange Commission for such administrative and legislative actions as may be appropriate to resolve problems encountered by investors; and…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (1) In general Each registered security-based swap…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (1) within 15 days of the date on which such website publication is made. If…

Periodical and other reports

— Periodical and other reports (6) of title 43 , or otherwise becomes or is deemed to become a beneficial owner of any of the foregoing upon the purchase or…

Credit risk retention

— Credit risk retention Agency in defining the term “qualified residential mortgage”, as required by subparagraph (B), shall define that term to be no broader…

Audit requirements

— Audit requirements (3) Delegation authority The audit committee of an issuer may delegate to 1 or more designated members of the audit committee who are…

Margin requirements

— Margin requirements (1) It is unlawful for any United States person, or any foreign person controlled by a United States person or acting on behalf of or in…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (5) (A) In any proceeding by a registered clearing agency to determine whether a…

Prohibited foreign trade practices by persons other than issuers or domestic concerns

— Prohibited foreign trade practices by persons other than issuers or domestic concerns (4) (A) The term “routine governmental action” means only an action…

Registration requirements for securities

— Registration requirements for securities satisfy the requirements of this paragraph and the rules issued hereunder. (G) For purposes of this paragraph— (i) a…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns shall establish the procedure required by this paragraph in accordance with the provisions of…

Proxies

— Proxies pursuant to any arrangement or understanding with the person or persons acquiring securities in a transaction subject to subsection (d) of this…

Audit requirements

— Audit requirements (3) other material written communications between the registered public accounting firm and the management of the issuer, such as any…

Investigations and actions

— Investigations and actions (7) as the result of an action brought by the Commission in Federal court, or as a result of any Commission administrative action…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (4) of this title, during the 10-year period preceding the date of commencement of the…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (3) and as may be prescribed by the Commission by rule…

Securities whistleblower incentives and protection

— Securities whistleblower incentives and protection (1) Prohibition against retaliation (A) In general No employer may discharge, demote, suspend, threaten…

Municipal securities

— Municipal securities the purposes of this chapter or the administration of the Board, or to impose any burden on competition not necessary or appropriate in…

National securities exchanges

— National securities exchanges persons, to be registered with the exchange in accordance with procedures so established. (C) A national securities exchange…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers reason of such procedures and system without reasonable cause to believe that such procedures and system…

Manipulation of security prices

— Manipulation of security prices (2), the Commission shall, consistent with the purposes of this subsection, minimize the impact on the normal operations of…

National market system for securities; securities information processors

— National market system for securities; securities information processors such prohibition or limitation is consistent with the provisions of this chapter and…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (2). (B) Notwithstanding any other provision of this subsection, a proposed…

Periodical and other reports

— Periodical and other reports (6) of this title , if the person filing such statement so requests, the name of the bank shall not be made available to the…

Margin requirements

— Margin requirements (2) For the purposes of this subsection— (A) The term “United States person” includes a person which is organized or exists under the…

Credit risk retention

— Credit risk retention (1) with respect to securitizers and originators of asset-backed securities backed by residential mortgages, 1 year after the date on…

Registered securities associations

— Registered securities associations (15) The rules of the association provide that the association shall— (A) request guidance from the Municipal Securities…

Registration requirements for securities

— Registration requirements for securities (2) (A) At any time within 60 days of commencement of trading on an exchange of a security pursuant to unlisted…

Effect on existing law

— Effect on existing law of a State or political subdivision thereof, or by any agency or instrumentality thereof. (C) Actions under contractual agreements…

Private securities litigation

— Private securities litigation (9) Attorney conflict of interest If a plaintiff class is represented by an attorney who directly owns or otherwise has a…

Prohibited foreign trade practices by issuers

— Prohibited foreign trade practices by issuers (2) (A) A person’s state of mind is “knowing” with respect to conduct, a circumstance, or a result if— (i) such…

Definitions and application

— Definitions and application serves as a custodian or provider of other related administrative services to any individual retirement account, pension…

Records and reports

— Records and reports to this paragraph, and any person with respect to whom such responsibility relates, to take such steps as are specified in any such rule…

Government securities brokers and dealers

— Government securities brokers and dealers financial or operational condition of such registered person. The appropriate regulatory agency, in requiring…

Securities and Exchange Commission

— Securities and Exchange Commission (2)(A)(i), 2 the Investor Advocate shall appoint an Ombudsman, who shall report directly to the Investor Advocate. (B)…

Clearing for security-based swaps

— Clearing for security-based swaps (32) of section 1002 of title 29 ; (ix) an insured depository institution; (x) a farm credit system institution; (xi) a…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions is expelled or suspended from any self-regulatory organization, (ii) is in default of…

Investigations and actions

— Investigations and actions (7) Disgorgement .— In any action or proceeding brought by the Commission under any provision of the securities laws, the…

Definitions and application

— Definitions and application (42) of this subsection). (ix) Identified banking products .— The bank effects transactions in identified banking products as…

National market system for securities; securities information processors

— National market system for securities; securities information processors (1) No self-regulatory organization, member thereof, securities information…

National securities exchanges

— National securities exchanges (4) A national securities exchange may limit (A) the number of members of the exchange and (B) the number of members and…

Audit requirements

— Audit requirements (2) Responsibilities relating to registered public accounting firms The audit committee of each issuer, in its capacity as a committee of…

Clearing for security-based swaps

— Clearing for security-based swaps subparagraph (A). (E) Transition rule for affiliates An affiliate, subsidiary, or a wholly owned entity of a person that…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns (1) concerning conformity of specified prospective conduct with the Department of Justice’s present…

Government securities brokers and dealers

— Government securities brokers and dealers of reports filed by the associated person with the Federal banking agency pursuant to section 161 of title 12…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (2)(B) to determine whether the proposed rule should be approved or…

Periodical and other reports

— Periodical and other reports (3) When two or more persons act as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring…

Proxies

— Proxies (1) (A) At the time of filing such preliminary proxy solicitation material as the Commission may require by rule pursuant to subsection (a) of this…

Private securities litigation

— Private securities litigation (2) Required state of mind (A) In general Except as provided in subparagraph (B), in any private action arising under this…

Records and reports

— Records and reports (1) (A) Every registered broker or dealer shall annually file with the Commission a balance sheet and income statement certified by a 5…

Prohibited foreign trade practices by issuers

— Prohibited foreign trade practices by issuers (3) (A) The term “routine governmental action” means only an action which is ordinarily and commonly performed…

Securities and Exchange Commission

— Securities and Exchange Commission (2) Division of Investment Management The Division of Investment Management of the Commission, or any successor…

Registered securities associations

— Registered securities associations (1) of subsection (b), will, forthwith upon the registration thereof, be admitted to affiliation with an association…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (3) of title 26 . (3) Business conduct requirements…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (2) Suspension or revocation for particular class of securities (A) In general The…

Effect on existing law

— Effect on existing law (5) Definitions For purposes of this subsection, the following definitions shall apply: (A) Affiliate of the issuer The term…

Registration requirements for securities

— Registration requirements for securities security unless the Commission finds, after notice and opportunity for hearing, that the extension of unlisted…

Municipal securities

— Municipal securities (7) of this section of municipal securities brokers, municipal securities dealers, and municipal advisors to determine compliance with…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers regulatory authority, to have failed reasonably to supervise, with a view to preventing violations of such…

Margin requirements

— Margin requirements (3) The Board of Governors of the Federal Reserve System may, in its discretion and with due regard for the purposes of this section, by…

Securities whistleblower incentives and protection

— Securities whistleblower incentives and protection years Notwithstanding subclause (I), an action under this subsection may not in any circumstance be…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (1) of this subsection only because it performs the functions of a clearing agency…

Government securities brokers and dealers

— Government securities brokers and dealers for examination reports .— Nothing in this subparagraph shall be construed to permit the Secretary or an…

Investigations and actions

— Investigations and actions (7) may be construed as altering any right that any private party may have to maintain a suit for a violation of this chapter. (e)…

Registered securities associations

— Registered securities associations (2) For the purposes of this subsection, the term “nonmember professional” shall include (A) with respect to transactions…

Records and reports

— Records and reports (1) Every national securities exchange, member thereof, registered securities association, broker, dealer, municipal securities dealer…

Municipal securities

— Municipal securities (30) of this title , in accordance with specified and appropriate standards to assure that a bank is not deemed to be engaged in the…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (4) Special requirements for security-based swap…

Definitions and application

— Definitions and application an investment adviser if the bank receives a fee for its investment advice; (ii) in any capacity in which the bank possesses…

Securities whistleblower incentives and protection

— Securities whistleblower incentives and protection (3)(B) of such section 552. (C) Rule of construction Nothing in this section is intended to limit, or…

Securities and Exchange Commission

— Securities and Exchange Commission (4) Functions of the Advocate for Small Business Capital Formation The Advocate for Small Business Capital Formation…

Registration requirements for securities

— Registration requirements for securities (4) On the application of the issuer of any security for which unlisted trading privileges on any exchange have been…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (8) A registered clearing agency shall be permitted to provide facilities for the…

National market system for securities; securities information processors

— National market system for securities; securities information processors protection of investors or maintenance of fair and orderly markets, all other…

Audit requirements

— Audit requirements (5) Authority to engage advisers Each audit committee shall have the authority to engage independent counsel and other advisers, as it…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns (1) The term “domestic concern” means— (A) any individual who is a citizen, national, or resident of…

Periodical and other reports

— Periodical and other reports (6) The provisions of this subsection shall not apply to— (A) any acquisition or offer to acquire securities made or proposed to…

National securities exchanges

— National securities exchanges (3) of this subsection), the exchange shall bring specific charges, notify such member or person of, and give him an…

Clearing for security-based swaps

— Clearing for security-based swaps (5) Election of counterparty (A) Security-based swaps required to be cleared With respect to any security-based swap that…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (5) Pending final determination whether any registration under this subsection shall be revoked, the…

Effect on existing law

— Effect on existing law treated as one person or prospective class member, but only if the entity is not established for the purpose of participating in the…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (1) Ban on representations of sponsorship by United States or agency thereof It shall…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (2)(B) of this subsection to determine whether any such proposed rule change…

Proxies

— Proxies (4), is equal to $92 1 per $1,000,000 of the cash or of the value of any securities or other property proposed to be received upon such sale or…

Private securities litigation

— Private securities litigation (2) are not met. (B) Stay of discovery In any private action arising under this chapter, all discovery and other proceedings…

Prohibited foreign trade practices by issuers

— Prohibited foreign trade practices by issuers (1) It shall also be unlawful for any issuer organized under the laws of the United States, or a State…

Proxies

— Proxies (4), is equal to $92 1 per $1,000,000 of the aggregate amount of cash or of the value of securities or other property proposed to be offered. The fee…

Registered securities associations

— Registered securities associations (11) of this section shall be construed to permit a registered securities association to make rules concerning any…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (6) (A) With respect to any person who is associated, who is seeking to become associated, or, at the time…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (2)(G) of that section. The appropriate regulatory agency, by rule or order, upon its…

National market system for securities; securities information processors

— National market system for securities; securities information processors (3) (A) The Commission, by rule, is authorized to prohibit brokers and dealers from…

Government securities brokers and dealers

— Government securities brokers and dealers Definition .— For purposes of this subparagraph, the term “Federal banking agency” shall have the same meaning as…

Definitions and application

— Definitions and application (5) Dealer.— (A) In general .— The term “dealer” means any person engaged in the business of buying and selling securities (not…

Periodical and other reports

— Periodical and other reports (1) It shall be unlawful for an issuer which has a class of equity securities registered pursuant to section 78 l of this title…

Registration requirements for securities

— Registration requirements for securities (6) Any security for which unlisted trading privileges are continued or extended pursuant to this subsection shall…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns (3) (A) A person’s state of mind is “knowing” with respect to conduct, a circumstance, or a result…

Securities whistleblower incentives and protection

— Securities whistleblower incentives and protection (3) Rights retained Nothing in this section shall be deemed to diminish the rights, privileges, or…

Records and reports

— Records and reports (2) Every member of a national securities exchange, broker, dealer, registered transfer agent, registered clearing agency, registered…

Private securities litigation

— Private securities litigation (4) Loss causation In any private action arising under this chapter, the plaintiff shall have the burden of proving that the…

Investigations and actions

— Investigations and actions (3) any registered clearing agency to enforce compliance by its participants with the provisions of the rules of such clearing…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (2) Commission authority The Commission shall issue final rules in accordance with…

Clearing for security-based swaps

— Clearing for security-based swaps (1), counterparties shall— (A) execute the transaction on an exchange; or (B) execute the transaction on a security-based…

Securities and Exchange Commission

— Securities and Exchange Commission (5) Access to documents The Commission shall ensure that the Advocate for Small Business Capital Formation has full access…

National securities exchanges

— National securities exchanges (3) A national securities exchange may summarily (A) suspend a member or person associated with a member who has been and is…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (5) Special requirements for security-based swap…

Municipal securities

— Municipal securities municipal securities to a related account of a broker, dealer, or municipal securities dealer during the underwriting period. (L) with…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (3), if the appropriate regulatory agency for the clearing agency notifies the…

National securities exchanges

— National securities exchanges (1) On and after June 4, 1975 , no national securities exchange may impose any schedule or fix rates of commissions…

Municipal securities

— Municipal securities (3) The Board, in conjunction with or on behalf of any Federal financial regulator or self-regulatory organization, may— (A) establish…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (5) The Commission shall consult with and consider the views of the Secretary…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (18) ], that requires the security-based swap dealer or…

National market system for securities; securities information processors

— National market system for securities; securities information processors prescribing the sequence in which orders brought to the exchange must be executed or…

Periodical and other reports

— Periodical and other reports (2) For the purpose of this subsection, a purchase by or for the issuer or any person controlling, controlled by, or under…

Records and reports

— Records and reports (1) of this subsection, the Commission or its designee and the Secretary of the Treasury shall enter into an agreement whereby the…

Securities and Exchange Commission

— Securities and Exchange Commission (6) Annual report on activities (A) In general Not later than December 31 of each year after 2015, the Advocate for Small…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (3) The appropriate regulatory agency for a transfer agent, by order, shall deny…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns (4) (A) The term “routine governmental action” means only an action which is ordinarily and commonly…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (4). (B) It shall be unlawful— (i) for any person as to whom an order under subparagraph (A) is in effect…

Definitions and application

— Definitions and application .— The bank engages in the issuance or sale to qualified investors, through a grantor trust or other separate entity, of…

Government securities brokers and dealers

— Government securities brokers and dealers (6) 1 of title 12), a State insurance commission or similar State agency, the Commodity Futures Trading Commission…

Clearing for security-based swaps

— Clearing for security-based swaps (2) Duties The chief compliance officer shall— (A) report directly to the board or to the senior officer of the clearing…

Registration requirements for securities

— Registration requirements for securities (1) Every issuer which is engaged in interstate commerce, or in a business affecting interstate commerce, or whose…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (2) Commission authority The Commission shall issue final rules in accordance with…

Investigations and actions

— Investigations and actions (2) Notwithstanding section 1105 or 1107 of the Right to Financial Privacy Act of 1978 [ 12 U.S.C. 3405 or 3407], the Commission…

Proxies

— Proxies (7) Pro rata application .— The rates per $1,000,000 required by this subsection shall be applied pro rata to amounts and balances of less than…

Registered securities associations

— Registered securities associations (3) (A) A registered securities association may deny membership to, or condition the membership of, a registered broker or…

Private securities litigation

— Private securities litigation (2), the court shall adopt a presumption that the appropriate sanction— (i) for failure of any responsive pleading or…

National securities exchanges

— National securities exchanges (3) of this subsection, may— (A) permit a national securities exchange, by rule, to impose a reasonable schedule or fix…

Clearing for security-based swaps

— Clearing for security-based swaps (3) Annual reports (A) In general In accordance with rules prescribed by the Commission, the chief compliance officer shall…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (7) Applicability This subsection shall not apply with…

Periodical and other reports

— Periodical and other reports (3) for such fiscal year to a rate that is equal to the rate (expressed in dollars per million) that is applicable under section…

Prohibited foreign trade practices by domestic concerns

— Prohibited foreign trade practices by domestic concerns (1) It shall also be unlawful for any United States person to corruptly do any act outside the United…

Registration requirements for securities

— Registration requirements for securities not be deemed filed for the purposes of section 78r of this title . Any issuer may register any class of equity…

Registered securities associations

— Registered securities associations in accordance with procedures so established. (C) A registered securities association may bar any person from becoming…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (3) Separation of ratings from sales and marketing (A) Rules required The Commission…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (4) (A) Pending final determination whether any registration by a transfer agent…

Records and reports

— Records and reports (5) The Commission shall encourage the insurance industry to require their insured to report expeditiously instances of missing, lost…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (7) No registered broker or dealer or government securities broker or government securities dealer…

Municipal securities

— Municipal securities (4) The Board may provide guidance and assistance in the enforcement of, and examination for, compliance with the rules of the Board to…

Proxies

— Proxies (1) Proxy rules to contain special provisions It shall be unlawful for any person to solicit any proxy, consent, or authorization concerning a…

Investigations and actions

— Investigations and actions investors or other persons protected under the securities laws which remains substantially uncompensated; or (D) the acts…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (7) Security futures product rule changes.— (A) Filing required .— A…

Private securities litigation

— Private securities litigation each such defendant’s state of mind at the time the alleged violation occurred. (e) Limitation on damages (1) In general Except…

Government securities brokers and dealers

— Government securities brokers and dealers regulatory agency from complying with a request for information from any other Federal department or agency…

National market system for securities; securities information processors

— National market system for securities; securities information processors (6) Tick size.— (A) Study and report .— The Commission shall conduct a study…

Definitions and application

— Definitions and application (4) 1 of title 12, whether incorporated or not, doing business under the laws of any State or of the United States, a substantial…

Securities and Exchange Commission

— Securities and Exchange Commission the reasons for inaction, and an identification of any official who is responsible for such action; (v) recommendations…

National market system for securities; securities information processors

— National market system for securities; securities information processors (1) Not later than one hundred eighty days after June 4, 1975 , the Commission shall…

Proxies

— Proxies conditions as the Commission may specify; (C) prohibit compensating any person soliciting proxies, consents, or authorizations directly from security…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions by order, shall censure or place limitations on the activities or functions of any…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (3) Disclosure of general information The…

Securities and Exchange Commission

— Securities and Exchange Commission (9) Rule of construction Nothing in this subsection may be construed as replacing or reducing the responsibilities of the…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (1)(A) of this title shall effect any transaction in, or induce the purchase or sale of, any security…

Periodical and other reports

— Periodical and other reports (1) upon the purchase or sale of a security-based swap that the Commission may define by rule, having an aggregate fair market…

Registered securities associations

— Registered securities associations (3) of this subsection) the association shall bring specific charges, notify such member or person of, and give him an…

National securities exchanges

— National securities exchanges (3) (A) Before approving or disapproving any proposed rule change submitted by a national securities exchange which would…

Records and reports

— Records and reports (1) Obligations to obtain, maintain, and report information Every person who is (A) a registered broker or dealer, or (B) a registered…

Government securities brokers and dealers

— Government securities brokers and dealers (1)(B), the appropriate regulatory agency for such government securities broker or government securities dealer may…

Municipal securities

— Municipal securities (1) No broker, dealer, or municipal securities dealer shall make use of the mails or any means or instrumentality of interstate commerce…

Investigations and actions

— Investigations and actions (2)]. (C) Upon expiration of the period of delay of notification ordered under subparagraph (A) or (B), the customer shall be…

Registration requirements for securities

— Registration requirements for securities (10)(B) of this title . (E) any security of an issuer which is a “cooperative association” as defined in the…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations , upon a determination by the Commodity Futures Trading Commission that review…

Definitions and application

— Definitions and application (9) The term “person” means a natural person, company, government, or political subdivision, agency, or instrumentality of a…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (4) Look-back requirement (A) Review by the nationally recognized statistical rating…

Private securities litigation

— Private securities litigation (1). (f) Proportionate liability (1) Applicability Nothing in this subsection shall be construed to create, affect, or in any…

Government securities brokers and dealers

— Government securities brokers and dealers (4) Rules promulgated and orders issued under this section shall— (A) be designed to prevent fraudulent and…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (1), if it appears to the Commission that such proposed rule change unduly…

Municipal securities

— Municipal securities (4) of section 78 o (b) of this title, has been convicted of any offense specified in subparagraph (B) of such paragraph (4) within ten…

Periodical and other reports

— Periodical and other reports by such accounts; (B) the aggregate fair market value or cost or amortized cost of exempted securities (in aggregate or by…

Registration requirements for securities

— Registration requirements for securities company by beneficial owners, directors, or officers of such company are subject to regulation (including reporting)…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (5) Report to Commission on certain employment transitions (A) Report required Each…

Private securities litigation

— Private securities litigation (3) Determination of responsibility (A) In general In any private action, the court shall instruct the jury to answer special…

Proxies

— Proxies proposed limited partnership rollup transaction is fair or unfair to investors in each limited partnership, a discussion of the basis for that…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers fees for any test administered by it or under its direction. The Commission may cooperate with registered…

Records and reports

— Records and reports (1) of this subsection or other available information, the Commission reasonably concludes that it has concerns regarding the financial…

Definitions and application

— Definitions and application (11) The term “equity security” means any stock or similar security; or any security future on any such security; or any security…

Registered securities associations

— Registered securities associations (3) A registered securities association may summarily (A) suspend a member or person associated with a member who has been…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (4). It shall be unlawful for any person as to whom such an order suspending or…

National securities exchanges

— National securities exchanges for purposes of cross-examination, the Commission may make rules and rulings specifying the manner in which such interests…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (5) Conflicts of interest The security-based swap…

Investigations and actions

— Investigations and actions (1), it may order that the customer be granted civil penalties against the Commission in an amount equal to the sum of— (i) $100…

National market system for securities; securities information processors

— National market system for securities; securities information processors (3) (A) The Advisory Board shall study and make recommendations to the Commission as…

Definitions and application

— Definitions and application (10)(B) ]; (vi) solely for purposes of sections 78 l , 78m, 78n, and 78p of this title, any security issued by or any interest or…

Records and reports

— Records and reports (1) of this subsection with respect to associated persons subject to examination by or reporting requirements of a Federal banking…

Periodical and other reports

— Periodical and other reports (2) The Commission shall prescribe rules providing for the public disclosure of the name of the issuer and the title, class…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (1) Prohibited acts and practices The Commission shall issue final rules in accordance…

Investigations and actions

— Investigations and actions (1), and the court finds that the circumstances raise questions of whether an officer or employee of the Commission acted in a…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (11) Broker/dealer registration with respect to transactions in security futures products.— (A) Notice…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (2) Duties The chief compliance officer shall— (A)…

Registered securities associations

— Registered securities associations (1) Maintenance of system to respond to inquiries A registered securities association shall— (A) establish and maintain a…

Registration requirements for securities

— Registration requirements for securities (4) Registration of any class of security pursuant to this subsection shall be terminated ninety days, or such…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (2) With respect to any clearing agency or transfer agent for which the Commission is…

Private securities litigation

— Private securities litigation (2)(B), upon 1 motion made not later than 6 months after a final judgment is entered in any private action, the court…

Proxies

— Proxies shall state the reasons therefor; (H) provide that, if the general partner or sponsor has not obtained any opinion on the fairness of the proposed…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (1), or within such longer period as the Commission may designate up to 90…

Government securities brokers and dealers

— Government securities brokers and dealers (2) of this subsection and with the public interest, the protection of investors, and the purposes of this chapter…

Municipal securities

— Municipal securities (4) The Commission, by order, shall censure or place limitations on the activities or functions of any person associated, seeking to…

National securities exchanges

— National securities exchanges (2) a Commission rule or ruling under subparagraph (B) of this paragraph limiting the petitioner’s cross-examination or…

National market system for securities; securities information processors

— National market system for securities; securities information processors of Government agencies, and other persons interested or likely to participate in the…

Municipal securities

— Municipal securities (5) of this subsection suspending or barring him from being associated with a municipal securities dealer is in effect willfully to…

Proxies

— Proxies (1) or from the definition contained in paragraph (4). (3) Effect on Commission authority Nothing in this subsection limits the authority of the…

Government securities brokers and dealers

— Government securities brokers and dealers (1)(A) of this section— (A) The Commission, by order, shall censure, place limitations on the activities…

National securities exchanges

— National securities exchanges (2) ) [ 7 U.S.C. 1 et seq.], that has been designated a contract market by the Commodity Futures Trading Commission and such…

Registered securities associations

— Registered securities associations (5) Definition For purposes of this subsection, the term “registration information” means the information reported in…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (3) Annual reports (A) In general In accordance with…

Periodical and other reports

— Periodical and other reports (1) of this subsection. The Commission shall tabulate the information contained in any report filed pursuant to this subsection…

Investigations and actions

— Investigations and actions (9) (A) The Commission may transfer financial records or the information contained therein to any government authority if the…

Registration requirements for securities

— Registration requirements for securities (1), the definition of “held of record” shall not include securities held by persons who received the securities…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations date of publication of notice of the filing thereof, unless the Commission…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (4). (iii) Suspension .— Such registration shall be suspended immediately if a national securities…

Definitions and application

— Definitions and application (2) of title 26 , (iii) a governmental plan as defined in section 414(d) of title 26 which has been established by an employer…

Records and reports

— Records and reports (1), require any broker, dealer, or municipal securities dealer filing such reports with the Commission to obtain, maintain, or report…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (1), or in any rules or regulations adopted thereunder, may be construed to modify…

Private securities litigation

— Private securities litigation (3)(B). (iii) Net worth For purposes of this subparagraph, net worth shall be determined as of the date immediately preceding…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (3) (A) With respect to any clearing agency or transfer agent for which the…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (9) Consultation with cftc.— (A) Consultation required .— The Commission shall…

Investigations and actions

— Investigations and actions (2) apply. (B) The Commission may, without notice to the customer pursuant to section 1112 or the Right to Financial Privacy Act…

National securities exchanges

— National securities exchanges (2) Registration by notice filing (A) Form and content An exchange required to register only because such exchange lists or…

Definitions and application

— Definitions and application (14) The terms “sale” and “sell” each include any contract to sell or otherwise dispose of. For security futures products, such…

Periodical and other reports

— Periodical and other reports (5) In exercising its authority under this subsection, the Commission shall determine (and so state) that its action is…

Municipal securities

— Municipal securities (4) of this subsection. In addition, such appropriate regulatory agency may, in accordance with section 1818 of title 12 , enforce…

Government securities brokers and dealers

— Government securities brokers and dealers (4). (B) Pending final determination whether registration of any government securities broker or government…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (1) Primary enforcement authority (A) Securities and…

Proxies

— Proxies (4), the term “limited partnership rollup transaction” does not include— (A) a transaction that involves only a limited partnership or partnerships…

Registered securities associations

— Registered securities associations (2) of this title ) to enforce compliance by its members and persons associated with its members, with the provisions of…

Registration requirements for securities

— Registration requirements for securities (6) ] from the provisions of this subsection. (h) Exemption by rules and regulations from certain provisions of…

Records and reports

— Records and reports (2) of this subsection for information with respect to an associated person that is subject to examination by or reporting requirements…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (1) shall establish procedures for the receipt, retention, and treatment of— (A)…

Private securities litigation

— Private securities litigation (7) Settlement discharge (A) In general A covered person who settles any private action at any time before final verdict or…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (12) Exemption for security futures product exchange members.— (A) Registration exemption .— A natural…

Private securities litigation

— Private securities litigation (9) Statute of limitations for contribution In any private action determining liability, an action for contribution shall be…

Government securities brokers and dealers

— Government securities brokers and dealers (1)(A) of this section or suspend for a period not exceeding 12 months or bar any such person from being associated…

Municipal securities

— Municipal securities (2) of this title, any rule or regulation under any such section, or any rule of the Board, shall (i) give notice to the appropriate…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (2)(A), the Commission may adopt rules concerning— (A) the transfer of certificated…

Registration requirements for securities

— Registration requirements for securities and 7265 of this title, (1) with respect to national banks and Federal savings associations, the accounts of which…

Records and reports

— Records and reports requesting the information for purposes within the scope of its jurisdiction, or complying with an order of a court of the United States…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (13) Registration exemption for merger and acquisition brokers.— (A) In general .— Except as provided in…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants initiate an enforcement proceeding as authorized under…

Definitions and application

— Definitions and application (18) The term “person associated with a broker or dealer” or “associated person of a broker or dealer” means any partner…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (10) 1 Rule of construction relating to filing date of proposed rule changes.—…

Proxies

— Proxies the securities offered to investors are securities of another entity that are reported under a transaction reporting plan declared effective before…

National securities exchanges

— National securities exchanges (1) of this subsection shall be exempt from, and shall not be required to enforce compliance by its members with, and its…

Periodical and other reports

— Periodical and other reports (6) (A) For purposes of this subsection the term “institutional investment manager” includes any person, other than a natural…

Registered securities associations

— Registered securities associations (3) Exemption from rule change submission Such a securities association shall be exempt from submitting proposed rule…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (1) shall submit to the nationally recognized statistical rating organization an…

Investigations and actions

— Investigations and actions (12) Nothing in this subsection shall enlarge or restrict any rights of a financial institution to challenge requests for records…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (2) Prohibition on reliance on no-action relief On and after the effective date of…

Registered securities associations

— Registered securities associations (13), (c), (d), (e), (f), (g), (h), and (i) of this section. (C) Subsections (d), (f), and (k) 1 of section 78q of this…

Private securities litigation

— Private securities litigation (10) Definitions For purposes of this subsection— (A) a covered person “knowingly commits a violation of the securities laws”—…

Municipal securities

— Municipal securities or proposed proceeding by the Commission against such municipal securities dealer or associated person. (C) Nothing in this paragraph…

Government securities brokers and dealers

— Government securities brokers and dealers (1)(A) of this subsection, censure, place limitations on the activities, functions, or operations of, suspend for a…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (2) Censure, denial, suspension; notice and hearing The…

National securities exchanges

— National securities exchanges (5) Trading in security futures products (A) In general Subject to subparagraph (B), it shall be unlawful for any person to…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (2), the time period within which the Commission is required by order to…

Definitions and application

— Definitions and application (22) (A) The term “securities information processor” means any person engaged in the business of (i) collecting, processing, or…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (4), and it shall consult with and consider the views of the Secretary of the…

Registration requirements for securities

— Registration requirements for securities (3) with respect to all other insured banks and State savings associations, the accounts of which are insured by the…

Proxies

— Proxies of the board of directors of the issuer, or any designee of such employee or member, is permitted to purchase financial instruments (including…

Periodical and other reports

— Periodical and other reports (3) When two or more persons act as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers representation. (vii) Facilitates a transaction with a group of buyers formed with the assistance of the…

Records and reports

— Records and reports (6) 6 of title 12), a State insurance commission or similar State agency, the Commodity Futures Trading Commission, or a similar foreign…

Periodical and other reports

— Periodical and other reports (1) Identification requirements for large traders For the purpose of monitoring the impact on the securities markets of…

Definitions and application

— Definitions and application which engages on an exclusive basis on its own behalf, in collecting, processing, or preparing for distribution or publication…

Records and reports

— Records and reports (3)(B) of such section 552. In prescribing regulations to carry out the requirements of this subsection, the Commission shall designate…

Municipal securities

— Municipal securities (2)(E) of this section and promptly furnish the Commission a copy thereof and any data supplied to it in connection with such…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (3) Associated persons With respect to any person who…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions 5. The Advisory Committee shall be directed to consider and report to the Commission…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (2) Rulemaking The Commission shall issue such rules as may be necessary to carry out…

Registration requirements for securities

— Registration requirements for securities to suspend for a period not exceeding twelve months, or to revoke the registration of a security, if the Commission…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers company. (ii) Control .— The term “control” means the power, directly or indirectly, to direct the…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (3) A rule adopted pursuant to this subsection shall incorporate the text of…

National securities exchanges

— National securities exchanges (1) Trading on exchange or association required It shall be unlawful for any person to effect transactions in security futures…

Registered securities associations

— Registered securities associations (2) Consistency The data standards required under paragraph (1) shall incorporate, and ensure compatibility with (to the…

Government securities brokers and dealers

— Government securities brokers and dealers (3) 1 of title 12, or “insured members” as that term is used in section 1730(f) 1 of title 12. (D) Nothing in this…

Registration requirements for securities

— Registration requirements for securities (2) Emergency orders (A) In general The Commission, in an emergency, may by order summarily take such action to…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (2) Limitation Nothing in this subsection prohibits the securities commission (or any…

Government securities brokers and dealers

— Government securities brokers and dealers (1) All records of a government securities broker or government securities dealer are subject at any time, or from…

Periodical and other reports

— Periodical and other reports (2) Recordkeeping and reporting requirements for brokers and dealers Every registered broker or dealer shall make and keep for…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers may by rule modify the dollar figures if the Commission determines that such a modification is necessary…

Records and reports

— Records and reports (1) Elimination of duplication The Commission and the examining authorities, through cooperation and coordination of examination and…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (5), the Commission shall consult with and consider the views of the Secretary…

Definitions and application

— Definitions and application (23) (A) The term “clearing agency” means any person who acts as an intermediary in making payments or deliveries or both in…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (1) Revision of rules required The Commission shall revise its regulations in section…

Municipal securities

— Municipal securities (7) 4 of this title and shall be allocated between such registered securities association and the Board, and such allocation shall…

National securities exchanges

— National securities exchanges (4), require that the security future be based upon common stock and such other equity securities as the Commission and the…

Registration and regulation of security-based swap dealers and major security-based swap participants

— Registration and regulation of security-based swap dealers and major security-based swap participants (4); or (E) has been found by a foreign financial…

Municipal securities

— Municipal securities (2) The Board is not authorized under this chapter to require any issuer of municipal securities, directly or indirectly through a…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (1) of this subsection to file notice shall be subject to review by the…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (2) Rulemaking The Commission shall adopt such rules, regulations, and orders…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (3) Commission examinations (A) Annual examinations required The Office shall conduct…

Government securities brokers and dealers

— Government securities brokers and dealers (3) Government Securities Trade Reconstruction.— (A) Furnishing records .— Every government securities broker and…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers most recent fiscal year-end financial statements of the issuer of the securities as customarily prepared…

National securities exchanges

— National securities exchanges is traded to detect manipulation and insider trading; (J) require that the market on which the security futures product is…

Definitions and application

— Definitions and application on behalf of a clearing agency or a participant therein in connection with the furnishing by the clearing agency of services to…

Periodical and other reports

— Periodical and other reports (4) Examination of broker and dealer records All records required to be made and kept by registered brokers and dealers pursuant…

Registration requirements for securities

— Registration requirements for securities subparagraph (A). In no event shall an order of the Commission under this paragraph continue in effect for more than…

Municipal securities

— Municipal securities (4) the term “municipal advisor”— (A) means a person (who is not a municipal entity or an employee of a municipal entity) that— (i)…

Definitions and application

— Definitions and application (25) The term “transfer agent” means any person who engages on behalf of an issuer of securities or on behalf of itself as an…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (4) Rulemaking authority The Commission shall— (A) establish, by rule, fines, and…

Periodical and other reports

— Periodical and other reports (7) Authority of Commission to limit disclosure of information Notwithstanding any other provision of law, the Commission shall…

National securities exchanges

— National securities exchanges (3) to the extent such exemption fosters the development of fair and orderly markets in security futures products, is necessary…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (3) The provisions of this subsection shall apply to an exchange registered…

Registration requirements for securities

— Registration requirements for securities (5) Limitations on review of orders An order of the Commission pursuant to this subsection shall be subject to…

Government securities brokers and dealers

— Government securities brokers and dealers by such broker or dealer in accordance with any other provision of law or usual and customary business practice…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions adopt rules governing persons that are registered as clearing agencies for…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (i) shall be rounded to the nearest multiple of $100,000. (c) Use of manipulative or deceptive devices…

Government securities brokers and dealers

— Government securities brokers and dealers not be compelled to disclose any information required or obtained under this paragraph. Nothing in this paragraph…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (1) In any proceeding to review a final disciplinary sanction imposed by a…

National system for clearance and settlement of securities transactions

— National system for clearance and settlement of securities transactions (2) Conversion of depository institutions A depository institution to which this…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (2) Content The rules of the Commission under this subsection shall require, at a…

Definitions and application

— Definitions and application (28) The term “rules of a self-regulatory organization” means the rules of an exchange which is a national securities exchange…

Registration requirements for securities

— Registration requirements for securities (7) Definition For purposes of this subsection, the term “emergency” means— (A) a major market disturbance…

Periodical and other reports

— Periodical and other reports (8) Definitions For purposes of this subsection— (A) the term “large trader” means every person who, for his own account or an…

Municipal securities

— Municipal securities (7) the term “person associated with a municipal advisor” or “associated person of an advisor” means— (A) any partner, officer…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (2) (A) No broker or dealer shall make use of the mails or any means or instrumentality of interstate…

National securities exchanges

— National securities exchanges (6) Deferral of options on security futures trading No person shall offer to enter into, enter into, or confirm the execution…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers adopting any rule or regulation under subparagraph (C), consult with and consider the views of the…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (1) to ensure that credit ratings are determined using procedures and methodologies…

Municipal securities

— Municipal securities (9) the term “solicitation of a municipal entity or obligated person” means a direct or indirect communication with a municipal entity…

Government securities brokers and dealers

— Government securities brokers and dealers (1) Reporting requirements The Secretary may adopt rules to require specified persons holding, maintaining, or…

National securities exchanges

— National securities exchanges (1)(D)(i)(IV) ]. (B) The Commission and the Commodity Futures Trading Commission shall jointly publish in the Federal Register…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (2) of this subsection, or remand to the self-regulatory organization for…

Definitions and application

— Definitions and application (30) The term “municipal securities dealer” means any person (including a separately identifiable department or division of a…

Periodical and other reports

— Periodical and other reports (9) of this title and also includes two or more persons acting as a partnership, limited partnership, syndicate, or other group…

Definitions and application

— Definitions and application (33) The term “municipal securities investment portfolio” means all municipal securities held for investment and not for sale as…

Registration and regulation of brokers and dealers

— Registration and regulation of brokers and dealers (3) (A) No broker or dealer (other than a government securities broker or government securities dealer…

Registration of nationally recognized statistical rating organizations

— Registration of nationally recognized statistical rating organizations (3) to notify users of credit ratings— (A) of the version of a procedure or…

National securities exchanges

— National securities exchanges (3)(B) of this title involving security futures products; and (2) similar rules of national securities exchanges registered…

Registration, responsibilities, and oversight of self-regulatory organizations

— Registration, responsibilities, and oversight of self-regulatory organizations (1) of this subsection that a sanction imposed by a self-regulatory…