# 15 U.S.C. ch. 2B — Securities Exchanges (Securities Exchange Act of 1934, §§ 78a et seq.) URL: https://consilena.com/coverage/laws/ksrc_9gh0aywm4grpt4f3 - Jurisdiction: United States - Type: Statute - Identifier: /us/usc/t15/ch2B - Current as of: 6 June 1934 - Provisions: 93 - Official text: https://uscode.house.gov/view.xhtml?path=/prelim@title15/chapter2B&edition=prelim > The library is a research copy. Check the official source before relying on a provision: the text published there, not the copy in Consilena, is the law. ## Provisions ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78h. — Restrictions on borrowing and lending by members, brokers, and dealers"] - **Restrictions on borrowing and lending by members, brokers, and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–6. — Securities analysts and research reports"] - **Securities analysts and research reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78g. — Margin requirements"] - **Margin requirements"] Margin requirements**: — Margin requirements (a) Rules and regulations for extension of credit; standard for initial extension; undermargined accounts For the purpose of preventing… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–2. — Transfer of functions with respect to assignment of personnel to chairman"] - **Transfer of functions with respect to assignment of personnel to chairman"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–3. — Appearance and practice before the Commission"] - **Appearance and practice before the Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–3. — Compensation committees"] - **Compensation committees"] Compensation committees**: — Compensation committees (a) Independence of compensation committees (1) Listing standards The Commission shall, by rule, direct the national securities… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78pp. — Investor Advisory Committee"] - **Investor Advisory Committee"] Investor Advisory Committee**: — Investor Advisory Committee (a) Establishment and purpose (1) Establishment There is established within the Commission the Investor Advisory Committee… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78y. — Court review of orders and rules"] - **Court review of orders and rules"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–1. — Civil penalties for insider trading"] - **Civil penalties for insider trading"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78z. — Unlawful representations"] - **Unlawful representations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–7. — Triennial report on personnel management"] - **Triennial report on personnel management"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–5. — Deadline for completing enforcement investigations and compliance examinations and inspections"] - **Deadline for completing enforcement investigations and compliance examinations and inspections"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78ee. — Transaction fees"] - **Transaction fees"] Transaction fees**: — Transaction fees (a) Recovery of costs of annual appropriation The Commission shall, in accordance with this section, collect transaction fees and… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78x. — Public availability of information"] - **Public availability of information"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m–2. — Reporting requirements regarding coal or other mine safety"] - **Reporting requirements regarding coal or other mine safety"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l–1. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78i. — Manipulation of security prices"] - **Manipulation of security prices"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] Registered securities associations**: — Registered securities associations (a) Registration; application An association of brokers and dealers may be registered as a national securities association… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–6. — Report and certification of internal supervisory controls"] - **Report and certification of internal supervisory controls"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n–1. — Shareholder approval of executive compensation"] - **Shareholder approval of executive compensation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–4. — Additional duties of Inspector General"] - **Additional duties of Inspector General"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd. — Foreign securities exchanges"] - **Foreign securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–3. — Cease-and-desist proceedings"] - **Cease-and-desist proceedings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–8. — Annual financial controls audit"] - **Annual financial controls audit"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–4. — Security-based swap execution facilities"] - **Security-based swap execution facilities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j. — Manipulative and deceptive devices"] - **Manipulative and deceptive devices"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78bb. — Effect on existing law"] - **Effect on existing law"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78aa–1. — Special provision relating to statute of limitations on private causes of action"] - **Special provision relating to statute of limitations on private causes of action"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78rr. — Data standards for security-based swap reporting"] - **Data standards for security-based swap reporting"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78t. — Liability of controlling persons and persons who aid and abet violations"] - **Liability of controlling persons and persons who aid and abet violations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78cc. — Validity of contracts"] - **Validity of contracts"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–1. — Delegation of functions by Commission"] - **Delegation of functions by Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78mm. — General exemptive authority"] - **General exemptive authority"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k. — Trading by members of exchanges, brokers, and dealers"] - **Trading by members of exchanges, brokers, and dealers"] 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 ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–8. — Universal ratings symbols"] - **Universal ratings symbols"] Universal ratings symbols**: — Universal ratings symbols (a) Rulemaking The Commission shall require, by rule, each nationally recognized statistical rating organization to establish… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78v. — Hearings by Commission"] - **Hearings by Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] Municipal securities**: — Municipal securities (a) Registration of municipal securities dealers (1) (A) It shall be unlawful for any municipal securities dealer (other than one… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–9. — Study and rulemaking on assigned credit ratings"] - **Study and rulemaking on assigned credit ratings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4a. — Commission Office of Municipal Securities"] - **Commission Office of Municipal Securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78ff. — Penalties"] - **Penalties"] Penalties**: — Penalties (a) Willful violations; false and misleading statements Any person who willfully violates any provision of this chapter (other than section 78dd–1… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m–1. — Reporting and recordkeeping for certain security-based swaps"] - **Reporting and recordkeeping for certain security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78w. — Rules, regulations, and orders; annual reports"] - **Rules, regulations, and orders; annual reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–5. — Application of safe harbor for forward-looking statements"] - **Application of safe harbor for forward-looking statements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–9. — Report on oversight of national securities associations"] - **Report on oversight of national securities associations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–2. — Liabilities arising prior to amendment unaffected"] - **Liabilities arising prior to amendment unaffected"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78p. — Directors, officers, and principal stockholders"] - **Directors, officers, and principal stockholders"] Directors, officers, and principal stockholders**: — Directors, officers, and principal stockholders (a) Disclosures required (1) Directors, officers, and principal stockholders required to file Every person… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–1. — Swap agreements"] - **Swap agreements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–7. — Implementation and transition provisions for whistleblower protection"] - **Implementation and transition provisions for whistleblower protection"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78nn. — Tennessee Valley Authority"] - **Tennessee Valley Authority"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78qq. — Small Business Capital Formation Advisory Committee"] - **Small Business Capital Formation Advisory Committee"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–2. — Automated quotation systems for penny stocks"] - **Automated quotation systems for penny stocks"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–1. — Audit requirements"] - **Audit requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78aa. — Jurisdiction of offenses and suits"] - **Jurisdiction of offenses and suits"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78a. — Short title"] - **Short title"] Short title**: — Short title This chapter may be cited as the “Securities Exchange Act of 1934.” ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–1. — Brokers deemed to be registered"] - **Brokers deemed to be registered"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78r. — Liability for misleading statements"] - **Liability for misleading statements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] Investigations and actions**: — Investigations and actions (a) Authority and discretion of Commission to investigate violations ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] Securities and Exchange Commission**: — Securities and Exchange Commission (a) Establishment; composition; limitations on commissioners; terms of office There is hereby established a Securities and… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–6. — Securities whistleblower incentives and protection"] - **Securities whistleblower incentives and protection"] Securities whistleblower incentives and protection**: — Securities whistleblower incentives and protection (a) Definitions In this section the following definitions shall apply: (1) Covered judicial or… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78ll. — Requirements for the EDGAR system"] - **Requirements for the EDGAR system"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–5. — Segregation of assets held as collateral in security-based swap transactions"] - **Segregation of assets held as collateral in security-based swap transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78gg. — Separability"] - **Separability"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–3. — Prohibited foreign trade practices by persons other than issuers or domestic concerns"] - **Prohibited foreign trade practices by persons other than issuers or domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78t–1. — Liability to contemporaneous traders for insider trading"] - **Liability to contemporaneous traders for insider trading"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78hh–1. — Effective date of certain sections"] - **Effective date of certain sections"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–2. — Securities-related derivatives"] - **Securities-related derivatives"] Securities-related derivatives**: — Securities-related derivatives (a) Any agreement, contract, or transaction (or class thereof) that is exempted by the Commodity Futures Trading Commission… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] Government securities brokers and dealers**: — Government securities brokers and dealers (a) Registration requirements; notice to regulatory agencies; manner of registration; exemption from registration… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78hh. — Effective date"] - **Effective date"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78b. — Necessity for regulation"] - **Necessity for regulation"] Necessity for regulation**: — Necessity for regulation For the reasons hereinafter enumerated, transactions in securities as commonly conducted upon securities exchanges and… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–11. — Credit risk retention"] - **Credit risk retention"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–2. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–4. — Recovery of erroneously awarded compensation policy"] - **Recovery of erroneously awarded compensation policy"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n–2. — Corporate governance"] - **Corporate governance"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] National securities exchanges**: — National securities exchanges (a) Registration; application An exchange may be registered as a national securities exchange under the terms and conditions… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–1. — Prohibited foreign trade practices by issuers"] - **Prohibited foreign trade practices by issuers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78oo. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–2. — Civil remedies in administrative proceedings"] - **Civil remedies in administrative proceedings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78kk. — Authorization of appropriations"] - **Authorization of appropriations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78e. — Transactions on unregistered exchanges"] - **Transactions on unregistered exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78x. — Public availability of information"] - **Public availability of information"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78nn. — Tennessee Valley Authority"] - **Tennessee Valley Authority"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–3. — Cease-and-desist proceedings"] - **Cease-and-desist proceedings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m–2. — Reporting requirements regarding coal or other mine safety"] - **Reporting requirements regarding coal or other mine safety"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n–1. — Shareholder approval of executive compensation"] - **Shareholder approval of executive compensation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–7. — Triennial report on personnel management"] - **Triennial report on personnel management"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78i. — Manipulation of security prices"] - **Manipulation of security prices"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–5. — Segregation of assets held as collateral in security-based swap transactions"] - **Segregation of assets held as collateral in security-based swap transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78bb. — Effect on existing law"] - **Effect on existing law"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–1. — Civil penalties for insider trading"] - **Civil penalties for insider trading"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–5. — Deadline for completing enforcement investigations and compliance examinations and inspections"] - **Deadline for completing enforcement investigations and compliance examinations and inspections"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–9. — Report on oversight of national securities associations"] - **Report on oversight of national securities associations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m–1. — Reporting and recordkeeping for certain security-based swaps"] - **Reporting and recordkeeping for certain security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78t. — Liability of controlling persons and persons who aid and abet violations"] - **Liability of controlling persons and persons who aid and abet violations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78ff. — Penalties"] - **Penalties"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–4. — Additional duties of Inspector General"] - **Additional duties of Inspector General"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–5. — Application of safe harbor for forward-looking statements"] - **Application of safe harbor for forward-looking statements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78pp. — Investor Advisory Committee"] - **Investor Advisory Committee"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–4. — Security-based swap execution facilities"] - **Security-based swap execution facilities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–3. — Prohibited foreign trade practices by persons other than issuers or domestic concerns"] - **Prohibited foreign trade practices by persons other than issuers or domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–2. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78oo. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–1. — Prohibited foreign trade practices by issuers"] - **Prohibited foreign trade practices by issuers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78mm. — General exemptive authority"] - **General exemptive authority"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–6. — Securities whistleblower incentives and protection"] - **Securities whistleblower incentives and protection"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78ee. — Transaction fees"] - **Transaction fees"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78b. — Necessity for regulation"] - **Necessity for regulation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–2. — Civil remedies in administrative proceedings"] - **Civil remedies in administrative proceedings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–2. — Automated quotation systems for penny stocks"] - **Automated quotation systems for penny stocks"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78t–1. — Liability to contemporaneous traders for insider trading"] - **Liability to contemporaneous traders for insider trading"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–3. — Compensation committees"] - **Compensation committees"] Compensation committees**: — Compensation committees (1) shall permit a national securities exchange or a national securities association to exempt a particular relationship from the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78y. — Court review of orders and rules"] - **Court review of orders and rules"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–1. — Delegation of functions by Commission"] - **Delegation of functions by Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78g. — Margin requirements"] - **Margin requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j. — Manipulative and deceptive devices"] - **Manipulative and deceptive devices"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78r. — Liability for misleading statements"] - **Liability for misleading statements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–6. — Report and certification of internal supervisory controls"] - **Report and certification of internal supervisory controls"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78p. — Directors, officers, and principal stockholders"] - **Directors, officers, and principal stockholders"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–1. — Audit requirements"] - **Audit requirements"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78qq. — Small Business Capital Formation Advisory Committee"] - **Small Business Capital Formation Advisory Committee"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] Municipal securities**: — Municipal securities (2) A municipal securities dealer or municipal advisor may be registered by filing with the Commission an application for registration… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78w. — Rules, regulations, and orders; annual reports"] - **Rules, regulations, and orders; annual reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78cc. — Validity of contracts"] - **Validity of contracts"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78aa. — Jurisdiction of offenses and suits"] - **Jurisdiction of offenses and suits"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k. — Trading by members of exchanges, brokers, and dealers"] - **Trading by members of exchanges, brokers, and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–11. — Credit risk retention"] - **Credit risk retention"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–6. — Securities analysts and research reports"] - **Securities analysts and research reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–9. — Study and rulemaking on assigned credit ratings"] - **Study and rulemaking on assigned credit ratings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd. — Foreign securities exchanges"] - **Foreign securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–7. — Triennial report on personnel management"] - **Triennial report on personnel management"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–3. — Cease-and-desist proceedings"] - **Cease-and-desist proceedings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–1. — Prohibited foreign trade practices by issuers"] - **Prohibited foreign trade practices by issuers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78p. — Directors, officers, and principal stockholders"] - **Directors, officers, and principal stockholders"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78bb. — Effect on existing law"] - **Effect on existing law"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78w. — Rules, regulations, and orders; annual reports"] - **Rules, regulations, and orders; annual reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m–1. — Reporting and recordkeeping for certain security-based swaps"] - **Reporting and recordkeeping for certain security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n–1. — Shareholder approval of executive compensation"] - **Shareholder approval of executive compensation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–3. — Compensation committees"] - **Compensation committees"] Compensation committees**: — Compensation committees (2) Rules The Commission shall identify factors that affect the independence of a compensation consultant, legal counsel, or other… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–11. — Credit risk retention"] - **Credit risk retention"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–1. — Civil penalties for insider trading"] - **Civil penalties for insider trading"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–2. — Civil remedies in administrative proceedings"] - **Civil remedies in administrative proceedings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–6. — Securities analysts and research reports"] - **Securities analysts and research reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–4. — Security-based swap execution facilities"] - **Security-based swap execution facilities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78x. — Public availability of information"] - **Public availability of information"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78cc. — Validity of contracts"] - **Validity of contracts"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–1. — Audit requirements"] - **Audit requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78g. — Margin requirements"] - **Margin requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78i. — Manipulation of security prices"] - **Manipulation of security prices"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78ee. — Transaction fees"] - **Transaction fees"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–5. — Segregation of assets held as collateral in security-based swap transactions"] - **Segregation of assets held as collateral in security-based swap transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k. — Trading by members of exchanges, brokers, and dealers"] - **Trading by members of exchanges, brokers, and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m–2. — Reporting requirements regarding coal or other mine safety"] - **Reporting requirements regarding coal or other mine safety"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78pp. — Investor Advisory Committee"] - **Investor Advisory Committee"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–3. — Prohibited foreign trade practices by persons other than issuers or domestic concerns"] - **Prohibited foreign trade practices by persons other than issuers or domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78qq. — Small Business Capital Formation Advisory Committee"] - **Small Business Capital Formation Advisory Committee"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d–6. — Report and certification of internal supervisory controls"] - **Report and certification of internal supervisory controls"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78t. — Liability of controlling persons and persons who aid and abet violations"] - **Liability of controlling persons and persons who aid and abet violations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78y. — Court review of orders and rules"] - **Court review of orders and rules"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–2. — Automated quotation systems for penny stocks"] - **Automated quotation systems for penny stocks"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–2. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–5. — Application of safe harbor for forward-looking statements"] - **Application of safe harbor for forward-looking statements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–6. — Securities whistleblower incentives and protection"] - **Securities whistleblower incentives and protection"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–4. — Security-based swap execution facilities"] - **Security-based swap execution facilities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–1. — Civil penalties for insider trading"] - **Civil penalties for insider trading"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–5. — Application of safe harbor for forward-looking statements"] - **Application of safe harbor for forward-looking statements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m–2. — Reporting requirements regarding coal or other mine safety"] - **Reporting requirements regarding coal or other mine safety"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–1. — Audit requirements"] - **Audit requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–1. — Prohibited foreign trade practices by issuers"] - **Prohibited foreign trade practices by issuers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78ee. — Transaction fees"] - **Transaction fees"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78p. — Directors, officers, and principal stockholders"] - **Directors, officers, and principal stockholders"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78w. — Rules, regulations, and orders; annual reports"] - **Rules, regulations, and orders; annual reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78y. — Court review of orders and rules"] - **Court review of orders and rules"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–6. — Securities whistleblower incentives and protection"] - **Securities whistleblower incentives and protection"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–2. — Civil remedies in administrative proceedings"] - **Civil remedies in administrative proceedings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–6. — Securities analysts and research reports"] - **Securities analysts and research reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–5. — Segregation of assets held as collateral in security-based swap transactions"] - **Segregation of assets held as collateral in security-based swap transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–11. — Credit risk retention"] - **Credit risk retention"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78i. — Manipulation of security prices"] - **Manipulation of security prices"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–3. — Compensation committees"] - **Compensation committees"] Compensation committees**: — Compensation committees (1) Authority to retain compensation consultant (A) In general The compensation committee of an issuer, in its capacity as a… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78qq. — Small Business Capital Formation Advisory Committee"] - **Small Business Capital Formation Advisory Committee"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–3. — Prohibited foreign trade practices by persons other than issuers or domestic concerns"] - **Prohibited foreign trade practices by persons other than issuers or domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k. — Trading by members of exchanges, brokers, and dealers"] - **Trading by members of exchanges, brokers, and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n–1. — Shareholder approval of executive compensation"] - **Shareholder approval of executive compensation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–3. — Cease-and-desist proceedings"] - **Cease-and-desist proceedings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78bb. — Effect on existing law"] - **Effect on existing law"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] Registered securities associations**: — Registered securities associations (11) The rules of the association include provisions governing the form and content of quotations relating to securities… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78g. — Margin requirements"] - **Margin requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78g. — Margin requirements"] - **Margin requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–4. — Security-based swap execution facilities"] - **Security-based swap execution facilities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78ee. — Transaction fees"] - **Transaction fees"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78p. — Directors, officers, and principal stockholders"] - **Directors, officers, and principal stockholders"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–1. — Prohibited foreign trade practices by issuers"] - **Prohibited foreign trade practices by issuers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78y. — Court review of orders and rules"] - **Court review of orders and rules"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–3. — Cease-and-desist proceedings"] - **Cease-and-desist proceedings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–6. — Securities analysts and research reports"] - **Securities analysts and research reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k. — Trading by members of exchanges, brokers, and dealers"] - **Trading by members of exchanges, brokers, and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–6. — Securities whistleblower incentives and protection"] - **Securities whistleblower incentives and protection"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–1. — Audit requirements"] - **Audit requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–11. — Credit risk retention"] - **Credit risk retention"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–3. — Compensation committees"] - **Compensation committees"] Compensation committees**: — Compensation committees (2) Direct responsibility of compensation committee The compensation committee of an issuer shall be directly responsible for the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–1. — Civil penalties for insider trading"] - **Civil penalties for insider trading"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78i. — Manipulation of security prices"] - **Manipulation of security prices"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–5. — Application of safe harbor for forward-looking statements"] - **Application of safe harbor for forward-looking statements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–5. — Segregation of assets held as collateral in security-based swap transactions"] - **Segregation of assets held as collateral in security-based swap transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–3. — Prohibited foreign trade practices by persons other than issuers or domestic concerns"] - **Prohibited foreign trade practices by persons other than issuers or domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78w. — Rules, regulations, and orders; annual reports"] - **Rules, regulations, and orders; annual reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78bb. — Effect on existing law"] - **Effect on existing law"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–2. — Civil remedies in administrative proceedings"] - **Civil remedies in administrative proceedings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–3. — Cease-and-desist proceedings"] - **Cease-and-desist proceedings"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78y. — Court review of orders and rules"] - **Court review of orders and rules"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78p. — Directors, officers, and principal stockholders"] - **Directors, officers, and principal stockholders"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–4. — Security-based swap execution facilities"] - **Security-based swap execution facilities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78ee. — Transaction fees"] - **Transaction fees"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k. — Trading by members of exchanges, brokers, and dealers"] - **Trading by members of exchanges, brokers, and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–1. — Civil penalties for insider trading"] - **Civil penalties for insider trading"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–1. — Prohibited foreign trade practices by issuers"] - **Prohibited foreign trade practices by issuers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78g. — Margin requirements"] - **Margin requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78w. — Rules, regulations, and orders; annual reports"] - **Rules, regulations, and orders; annual reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–3. — Compensation committees"] - **Compensation committees"] Compensation committees**: — Compensation committees (1) shall permit a national securities exchange or a national securities association to exempt a category of issuers from the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–5. — Segregation of assets held as collateral in security-based swap transactions"] - **Segregation of assets held as collateral in security-based swap transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78i. — Manipulation of security prices"] - **Manipulation of security prices"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–3. — Prohibited foreign trade practices by persons other than issuers or domestic concerns"] - **Prohibited foreign trade practices by persons other than issuers or domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–1. — Audit requirements"] - **Audit requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–11. — Credit risk retention"] - **Credit risk retention"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78bb. — Effect on existing law"] - **Effect on existing law"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–5. — Application of safe harbor for forward-looking statements"] - **Application of safe harbor for forward-looking statements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–6. — Securities whistleblower incentives and protection"] - **Securities whistleblower incentives and protection"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78i. — Manipulation of security prices"] - **Manipulation of security prices"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78y. — Court review of orders and rules"] - **Court review of orders and rules"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–5. — Application of safe harbor for forward-looking statements"] - **Application of safe harbor for forward-looking statements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] Municipal securities**: — Municipal securities with municipal securities brokers, municipal securities dealers, and municipal advisors; (ii) specify that all or any portion of such… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–11. — Credit risk retention"] - **Credit risk retention"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–1. — Prohibited foreign trade practices by issuers"] - **Prohibited foreign trade practices by issuers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–1. — Audit requirements"] - **Audit requirements"] Audit requirements**: — Audit requirements (1) In general (A) Audit committee action All auditing services (which may entail providing comfort letters in connection with securities… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78p. — Directors, officers, and principal stockholders"] - **Directors, officers, and principal stockholders"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–6. — Securities whistleblower incentives and protection"] - **Securities whistleblower incentives and protection"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–1. — Civil penalties for insider trading"] - **Civil penalties for insider trading"] 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. ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78bb. — Effect on existing law"] - **Effect on existing law"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78w. — Rules, regulations, and orders; annual reports"] - **Rules, regulations, and orders; annual reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k. — Trading by members of exchanges, brokers, and dealers"] - **Trading by members of exchanges, brokers, and dealers"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–3. — Prohibited foreign trade practices by persons other than issuers or domestic concerns"] - **Prohibited foreign trade practices by persons other than issuers or domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78g. — Margin requirements"] - **Margin requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–4. — Security-based swap execution facilities"] - **Security-based swap execution facilities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–3. — Cease-and-desist proceedings"] - **Cease-and-desist proceedings"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78i. — Manipulation of security prices"] - **Manipulation of security prices"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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 .—… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k. — Trading by members of exchanges, brokers, and dealers"] - **Trading by members of exchanges, brokers, and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–4. — Security-based swap execution facilities"] - **Security-based swap execution facilities"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–6. — Securities whistleblower incentives and protection"] - **Securities whistleblower incentives and protection"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78bb. — Effect on existing law"] - **Effect on existing law"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–1. — Prohibited foreign trade practices by issuers"] - **Prohibited foreign trade practices by issuers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–11. — Credit risk retention"] - **Credit risk retention"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–1. — Audit requirements"] - **Audit requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78g. — Margin requirements"] - **Margin requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–3. — Prohibited foreign trade practices by persons other than issuers or domestic concerns"] - **Prohibited foreign trade practices by persons other than issuers or domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] Proxies**: — Proxies pursuant to any arrangement or understanding with the person or persons acquiring securities in a transaction subject to subsection (d) of this… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–1. — Audit requirements"] - **Audit requirements"] Audit requirements**: — Audit requirements (3) other material written communications between the registered public accounting firm and the management of the issuer, such as any… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–6. — Securities whistleblower incentives and protection"] - **Securities whistleblower incentives and protection"] Securities whistleblower incentives and protection**: — Securities whistleblower incentives and protection (1) Prohibition against retaliation (A) In general No employer may discharge, demote, suspend, threaten… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] National securities exchanges**: — National securities exchanges persons, to be registered with the exchange in accordance with procedures so established. (C) A national securities exchange… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78i. — Manipulation of security prices"] - **Manipulation of security prices"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78g. — Margin requirements"] - **Margin requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–11. — Credit risk retention"] - **Credit risk retention"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] Registered securities associations**: — Registered securities associations (15) The rules of the association provide that the association shall— (A) request guidance from the Municipal Securities… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78bb. — Effect on existing law"] - **Effect on existing law"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–1. — Prohibited foreign trade practices by issuers"] - **Prohibited foreign trade practices by issuers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application serves as a custodian or provider of other related administrative services to any individual retirement account, pension… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] Government securities brokers and dealers**: — Government securities brokers and dealers financial or operational condition of such registered person. The appropriate regulatory agency, in requiring… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (42) of this subsection). (ix) Identified banking products .— The bank effects transactions in identified banking products as… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–1. — Audit requirements"] - **Audit requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–1. — Prohibited foreign trade practices by issuers"] - **Prohibited foreign trade practices by issuers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] Securities and Exchange Commission**: — Securities and Exchange Commission (2) Division of Investment Management The Division of Investment Management of the Commission, or any successor… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] Registered securities associations**: — Registered securities associations (1) of subsection (b), will, forthwith upon the registration thereof, be admitted to affiliation with an association… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78bb. — Effect on existing law"] - **Effect on existing law"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] Registration requirements for securities**: — Registration requirements for securities security unless the Commission finds, after notice and opportunity for hearing, that the extension of unlisted… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] Municipal securities**: — Municipal securities (7) of this section of municipal securities brokers, municipal securities dealers, and municipal advisors to determine compliance with… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78g. — Margin requirements"] - **Margin requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–6. — Securities whistleblower incentives and protection"] - **Securities whistleblower incentives and protection"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] Registered securities associations**: — Registered securities associations (2) For the purposes of this subsection, the term “nonmember professional” shall include (A) with respect to transactions… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] Records and reports**: — Records and reports (1) Every national securities exchange, member thereof, registered securities association, broker, dealer, municipal securities dealer… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–6. — Securities whistleblower incentives and protection"] - **Securities whistleblower incentives and protection"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78j–1. — Audit requirements"] - **Audit requirements"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78bb. — Effect on existing law"] - **Effect on existing law"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–1. — Prohibited foreign trade practices by issuers"] - **Prohibited foreign trade practices by issuers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] Registered securities associations**: — Registered securities associations (11) of this section shall be construed to permit a registered securities association to make rules concerning any… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–6. — Securities whistleblower incentives and protection"] - **Securities whistleblower incentives and protection"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] Records and reports**: — Records and reports (2) Every member of a national securities exchange, broker, dealer, registered transfer agent, registered clearing agency, registered… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] Municipal securities**: — Municipal securities municipal securities to a related account of a broker, dealer, or municipal securities dealer during the underwriting period. (L) with… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c–3. — Clearing for security-based swaps"] - **Clearing for security-based swaps"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78dd–2. — Prohibited foreign trade practices by domestic concerns"] - **Prohibited foreign trade practices by domestic concerns"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] Registered securities associations**: — Registered securities associations in accordance with procedures so established. (C) A registered securities association may bar any person from becoming… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] Investigations and actions**: — Investigations and actions investors or other persons protected under the securities laws which remains substantially uncompensated; or (D) the acts… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] Proxies**: — Proxies conditions as the Commission may specify; (C) prohibit compensating any person soliciting proxies, consents, or authorizations directly from security… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78d. — Securities and Exchange Commission"] - **Securities and Exchange Commission"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] National securities exchanges**: — National securities exchanges (3) (A) Before approving or disapproving any proposed rule change submitted by a national securities exchange which would… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (9) The term “person” means a natural person, company, government, or political subdivision, agency, or instrumentality of a… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] Registration requirements for securities**: — Registration requirements for securities company by beneficial owners, directors, or officers of such company are subject to regulation (including reporting)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] Proxies**: — Proxies proposed limited partnership rollup transaction is fair or unfair to investors in each limited partnership, a discussion of the basis for that… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] Registered securities associations**: — Registered securities associations (1) Maintenance of system to respond to inquiries A registered securities association shall— (A) establish and maintain a… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78k–1. — National market system for securities; securities information processors"] - **National market system for securities; securities information processors"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] Registered securities associations**: — Registered securities associations (5) Definition For purposes of this subsection, the term “registration information” means the information reported in… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] Municipal securities**: — Municipal securities (4) of this subsection. In addition, such appropriate regulatory agency may, in accordance with section 1818 of title 12 , enforce… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] Government securities brokers and dealers**: — Government securities brokers and dealers (4). (B) Pending final determination whether registration of any government securities broker or government… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] Proxies**: — Proxies (4), the term “limited partnership rollup transaction” does not include— (A) a transaction that involves only a limited partnership or partnerships… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] Private securities litigation**: — Private securities litigation (9) Statute of limitations for contribution In any private action determining liability, an action for contribution shall be… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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.—… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] Proxies**: — Proxies the securities offered to investors are securities of another entity that are reported under a transaction reporting plan declared effective before… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] Registered securities associations**: — Registered securities associations (3) Exemption from rule change submission Such a securities association shall be exempt from submitting proposed rule… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u. — Investigations and actions"] - **Investigations and actions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78u–4. — Private securities litigation"] - **Private securities litigation"] 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”—… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] Municipal securities**: — Municipal securities or proposed proceeding by the Commission against such municipal securities dealer or associated person. (C) Nothing in this paragraph… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78n. — Proxies"] - **Proxies"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–3. — Registered securities associations"] - **Registered securities associations"] Registered securities associations**: — Registered securities associations (2) Consistency The data standards required under paragraph (1) shall incorporate, and ensure compatibility with (to the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q. — Records and reports"] - **Records and reports"] Records and reports**: — Records and reports (1) Elimination of duplication The Commission and the examining authorities, through cooperation and coordination of examination and… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–10. — 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"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] Government securities brokers and dealers**: — Government securities brokers and dealers (3) Government Securities Trade Reconstruction.— (A) Furnishing records .— Every government securities broker and… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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)… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78q–1. — National system for clearance and settlement of securities transactions"] - **National system for clearance and settlement of securities transactions"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78l. — Registration requirements for securities"] - **Registration requirements for securities"] Registration requirements for securities**: — Registration requirements for securities (7) Definition For purposes of this subsection, the term “emergency” means— (A) a major market disturbance… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] Municipal securities**: — Municipal securities (7) the term “person associated with a municipal advisor” or “associated person of an advisor” means— (A) any partner, officer… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–4. — Municipal securities"] - **Municipal securities"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (30) The term “municipal securities dealer” means any person (including a separately identifiable department or division of a… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] National securities exchanges**: — National securities exchanges (3)(B) of this title involving security futures products; and (2) similar rules of national securities exchanges registered… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] 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… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (1) In general It shall be unlawful for any issuer (as defined in section 7201 of this title ), directly or indirectly… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] Government securities brokers and dealers**: — Government securities brokers and dealers (4) Definitional authority; determination of reporting threshold (A) In prescribing rules under this subsection… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (2) thereof), with respect to the application of: (i) the provisions of section 78h of this title… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (3) )), the deposits of which are insured by the Federal Deposit Insurance Corporation, or a subsidiary or a department or… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] Registration of nationally recognized statistical rating organizations**: — Registration of nationally recognized statistical rating organizations (3)(B) in a manner that is directly comparable across types of securities; and (C) be… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78f. — National securities exchanges"] - **National securities exchanges"] National securities exchanges**: — National securities exchanges (1) shall take into account, as appropriate, the nature and size of the markets that the securities underlying the security… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] Government securities brokers and dealers**: — Government securities brokers and dealers (6) Limitation on disclosure of information Notwithstanding any other provision of law, the Secretary and the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (4)(e) of this title ), or any extension of credit by a broker or dealer registered under section 78 o of this title to an… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] Registration, responsibilities, and oversight of self-regulatory organizations**: — Registration, responsibilities, and oversight of self-regulatory organizations or appropriate in furtherance of the purposes of this chapter, such… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] Registration of nationally recognized statistical rating organizations**: — Registration of nationally recognized statistical rating organizations (1)— (i) the credit ratings produced by the nationally recognized statistical rating… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (4) If the Commission finds, after notice and opportunity for a hearing, that any person subject to the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (1) does not apply to any loan made or maintained by an insured depository institution (as defined in section 3 of the Federal… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (3) )), the deposits of which are insured by the Federal Deposit Insurance Corporation, or a subsidiary of any such State savings… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–5. — Government securities brokers and dealers"] - **Government securities brokers and dealers"] Government securities brokers and dealers**: — Government securities brokers and dealers (2) Notwithstanding any other provision of this chapter, the Commission shall not have any authority to make… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (3) )), the deposits of which are insured by the Federal Deposit Insurance Corporation; and 3 when the appropriate regulatory… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] Registration, responsibilities, and oversight of self-regulatory organizations**: — Registration, responsibilities, and oversight of self-regulatory organizations (1) The appropriate regulatory agency for a self-regulatory organization is… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] Registration of nationally recognized statistical rating organizations**: — Registration of nationally recognized statistical rating organizations the quality of information available to the nationally recognized statistical rating… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (1) of this title (including those security-based swaps that are excepted from the requirement pursuant to section 78c–3(g) of… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (5) No dealer (other than a specialist registered on a national securities exchange) acting in the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (6) of this title , 3 the Commission shall require real-time public reporting for such transactions, in a manner that does not… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] Registration of nationally recognized statistical rating organizations**: — Registration of nationally recognized statistical rating organizations (4) Due diligence services for asset-backed securities (A) Findings The issuer or… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] Registration, responsibilities, and oversight of self-regulatory organizations**: — Registration, responsibilities, and oversight of self-regulatory organizations (2) The appropriate regulatory agency for a self-regulatory organization is… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (3) )), the deposits of which are insured by the Federal Deposit Insurance Corporation. (E) When used with respect to a national… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (6) No broker or dealer shall make use of the mails or any means or instrumentality of interstate commerce… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] Registration, responsibilities, and oversight of self-regulatory organizations**: — Registration, responsibilities, and oversight of self-regulatory organizations (3) The appropriate regulatory agency for a national securities exchange or… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports agencies A clearing agency may register as a security-based swap data repository. (2) Semiannual and annual public reporting of… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (7) In connection with any bid for or purchase of a government security related to an offering of… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (3) )), the deposits of which are insured by the Federal Deposit Insurance Corporation; and (iv) the Commission in the case of… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] Registration of nationally recognized statistical rating organizations**: — Registration of nationally recognized statistical rating organizations (2) Independent directors (A) In general At least ½ of the board of directors, but not… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (3) of the Federal Deposit Insurance Act [ 12 U.S.C. 1813(b) (3) ]), the deposits of which are insured by the Federal Deposit… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] Registration of nationally recognized statistical rating organizations**: — Registration of nationally recognized statistical rating organizations (3) Duties of board of directors In addition to the overall responsibilities of the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] Registration, responsibilities, and oversight of self-regulatory organizations**: — Registration, responsibilities, and oversight of self-regulatory organizations (4) The appropriate regulatory agency for a self-regulatory organization is… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (1) In general Each issuer which has filed a registration statement containing an undertaking which is or… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (3) Compliance with core principles (A) In general To be registered, and maintain registration, as a security-based swap data… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78s. — Registration, responsibilities, and oversight of self-regulatory organizations"] - **Registration, responsibilities, and oversight of self-regulatory organizations"] Registration, responsibilities, and oversight of self-regulatory organizations**: — Registration, responsibilities, and oversight of self-regulatory organizations (1) of this section results in the suspension or revocation of the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers of this subsection, the term “class” shall be construed to include all securities of an issuer which are… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (35) A person exercises “investment discretion” with respect to an account if, directly or indirectly, such person (A) is… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o–7. — Registration of nationally recognized statistical rating organizations"] - **Registration of nationally recognized statistical rating organizations"] Registration of nationally recognized statistical rating organizations**: — Registration of nationally recognized statistical rating organizations (1) Duty to report Each nationally recognized statistical rating organization shall… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (5) Duties A security-based swap data repository shall— (A) accept data prescribed by the Commission for each security-based… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (2) Asset-backed securities (A) Suspension of duty to file The Commission may, by rule or regulation… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (39) A person is subject to a “statutory disqualification” with respect to membership or participation in, or association with a… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (6) Designation of chief compliance officer (A) In general Each security-based swap data repository shall designate an… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (iii) an order by a foreign financial regulatory authority denying, suspending, or revoking the person’s authority to engage in… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers of this chapter (other than subsection (a)) or the rules or regulations thereunder which by its terms… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (B) of this paragraph; (E) has associated with him any person who is known, or in the exercise of reasonable care should be… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports data repository of the chief compliance officer (including the code of ethics and conflict of interest policies of the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (3) Commission rules relating to disclosure The Commission shall adopt rules setting forth additional… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (41) The term “mortgage related security” means a security that meets standards of credit-worthiness as established by the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (7) Core principles applicable to security-based swap data repositories (A) Antitrust considerations Unless necessary or… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (6) of title 42 , whether such manufactured home is considered real or personal property under the laws of the State in which it… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers stocks. (4) Exemptions The Commission, as it determines consistent with the public interest and the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (42) The term “government securities” means— (A) securities which are direct obligations of, or obligations guaranteed as to… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (2)(B), in the year for which such reporting is required, did originate in the Democratic Republic of the Congo or an adjoining… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (42) of this subsection; or (B) any person registered with the Commodity Futures Trading Commission, any contract market… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (4) Described transactions (A) In general A transaction is described in this paragraph if— (i) such… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (45) The term “person associated with a government securities broker or government securities dealer” means any partner, officer… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (ii) if the customer is present in another State for 30 or more consecutive days or has permanently… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (1) shall terminate on the date on which the President determines and certifies to the appropriate congressional committees, but… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (2) Limitation The Commission shall not— (A) require a bank to register as a broker or dealer under this… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (48) The term “registered broker or dealer” means a broker or dealer registered or required to register pursuant to section 78 o… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (1) Definitions In this subsection— (A) the term “commercial development of oil, natural gas, or minerals” includes exploration… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (51) (A) The term “penny stock” means any equity security other than a security that is— (i) registered or approved for… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (2) in the United States Court of Appeals for the District of Columbia Circuit by filing in such court… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (2) Disclosure (A) Information required Not later than 270 days after July 21, 2010 , the Commission shall issue final rules… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application the protection of investors. (52) The term “foreign financial regulatory authority” means any (A) foreign securities authority… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers banking laws, giving deference neither to the views of the Commission nor the Board. (E) Judicial stay The… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (53) (A) The term “small business related security” means a security that meets standards of credit-worthiness as established by… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (1) In general Each issuer required to file an annual or quarterly report under subsection (a) shall disclose in that report the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (6) of such Act. (B) Board The term “Board” means the Board of Governors of the Federal Reserve System… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (54) Qualified investor.— (A) Definition .— Except as provided in subparagraph (B), for purposes of this chapter, the term… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (1), the issuer shall disclose a detailed description of each such activity, including— (A) the nature and extent of the… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (1) facilitate the provision of simple and clear disclosures to investors regarding the terms of their… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (21) ], which is either a bank, savings and loan association, insurance company, or registered investment adviser; (vi) any trust… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78m. — Periodical and other reports"] - **Periodical and other reports"] Periodical and other reports**: — Periodical and other reports (1) (other than an activity described in subparagraph (D)(iii) of that paragraph), the President shall— (A) initiate an… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78o. — Registration and regulation of brokers and dealers"] - **Registration and regulation of brokers and dealers"] Registration and regulation of brokers and dealers**: — Registration and regulation of brokers and dealers (1) In general Notwithstanding any other provision of the securities laws, the Commission may issue rules… ### ["Title 15 — COMMERCE AND TRADE", "CHAPTER 2B — SECURITIES EXCHANGES", "§ 78c. — Definitions and application"] - **Definitions and application"] Definitions and application**: — Definitions and application (5) of the Gramm-Leach-Bliley Act, the term “qualified investor” has the meaning given such term by subparagraph (A) of this… --- Consilena is a software provider, not a law firm. AI output is not legal advice: consult a licensed lawyer in the relevant jurisdiction. Page: https://consilena.com/coverage/laws/ksrc_9gh0aywm4grpt4f3. Index of every page: https://consilena.com/llms.txt.