Sec. 27. Liability of controlling persons; preventing compliance with title

309

Sec. 28. Unlawful representations

309

Sec. 29. Penalties

310

Sec. 30. Study of public-utility and investment companies

310

Sec. 31. Hiring and leasing authority of the Commission

310

Sec. 32. Exempt wholesale generators

310

Sec. 33. Treatment of foreign utilities

315

Sec. 304. Exempted securities and transactions

331

Sec. 305. Securities required to be registered under Securities Act

333

Sec. 306. Securities not registered under Securities Act

335

Sec. 307. Qualification of indentures covering securities not required to be

registered

336

Sec. 308. Integration of procedure with Securities Act and other Acts

Sec. 309. When qualification becomes effective; effect of qualification

Sec. 310. Eligibility and disqualification of trustee

Sec. 314. Reports by obligor; evidence of compliance with indenture

provisions

350

Sec. 315. Duties and responsibility of the trustee

355

Sec. 316. Directions and waivers by bondholders; prohibition of impairment

of holder's right to payment

356

Sec. 317. Special powers of trustee; duties of paying agents

Sec. 322. Court review of orders; jurisdiction of offenses and suits

9. Ineligibility of certain affiliated persons and underwriters

Sec. 10. Affiliations of directors

396

Sec. 15. Investment advisory and underwriting contracts

Sec. 16. Changes in board of directors; provisions relative to strict trusts

Sec. 17. Transactions of certain affiliated persons and underwriters

Sec. 18. Capital structure

Sec. 19. Dividends

Sec. 20. Proxies; voting trusts; circular ownership

Sec. 21. Loans

411

414

416

419

423

424

425

Sec. 22. Distribution, redemption, and repurchase of redeemable securities

Sec. 23. Distribution and repurchase of securities: closed-end companies

Sec. 24. Registration of securities under Securities Act of 1933

Sec. 29. Bankruptcy of face-amount certificate companies

445

Sec. 30. Periodic and other reports; reports of affiliated persons

Sec. 31. Accounts and records

445

448

Sec. 32. Accountants and auditors

449

Sec. 33. Filing of documents with Commission in civil actions

450

Sec. 34. Destruction and falsification of reports and records

Sec. 35. Unlawful representations and names

Sec. 38. Rules, regulations, and orders; general powers of Commission

Sec. 39. Rules and regulations; procedure for issuance

453

454

Sec. 45. Information filed with commission

Sec. 40. Orders; procedure for issuance

Sec. 41. Hearings by Commission

Sec. 42. Enforcement of title....

Sec. 43. Court review of orders

Sec. 44. Jurisdiction of offenses and suits

Sec. 46. Annual reports of Commission; employees of the Commission

Sec. 47. Validity of contracts

Sec. 48. Liability of controlling persons; preventing compliance with title

Sec. 49. Penalties

454

455

455

457

458

459

459

459

460

460

Sec. 54. Election to be regulated as a business development company

461

Sec. 55. Functions and activities of business development companies

Sec. 60. Functions and activities of business development companies

Sec. 61. Capital structure

470

Sec. 65. Liability of controlling persons; preventing compliance with title

Sec. 204A. Prevention of misuse of nonpublic information

Sec. 205. Investment advisory contracts

Sec. 213. Court review of orders

Sec. 214. Jurisdiction of offenses and suits

Sec. 215. Validity of contracts

Sec. 216. Annual reports of Commission

Sec. 217. Penalties

Sec. 218. Hiring and leasing authority of the Commission

Sec. 219. Separability of provisions

Sec. 220. Short title

Sec. 221. Effective date

Sec. 222. State regulation of investment advisers

500

500

501

501

501

502

502

502

502

502

SECURITIES INVESTOR PROTECTION ACT OF 1970

Sec. 1. Short title

Sec. 2. Application of Securities Exchange Act of 1934

Sec. 3. Securities Investor Protection Corporation

Sec. 4. SIPC Fund

Sec. 5. Protection of customers

Sec.

Sec.

6. General provisions of a liquidation proceeding

7. Powers and duties of trustee

Sec. 8. Special provisions of a liquidation proceeding

Sec. 9. SIPC advances

Sec. 10. Direct payment procedure

Sec. 11. SEC functions

Sec. 12. Examining authority functions

Sec. 13. Functions of self-regulatory organizations

Sec. 14. Prohibited acts

Sec. 15. Miscellaneous provisions

Sec. 16. Definitions

Temporary Reporting Provisions:

Penny Stock Reform Act of 1990 (Title V of the Securities Enforcement

Remedies and Penny Stock Reform Act of 1990), Sections 504(b) and

510

547

Appendix:

Title 5, United States Code, Sections 551-557, 704-706

Commodity Exchange Act, Sections 2, 4m (7 U.S.C. 2, 2a, 6m)

551

591

Title 11, United States Code, Sections 1109(a), 1125, 1129(d), 1145

Act of September 28, 1962 (12 U.S.C. 92a(a) (b))

596

600

Act of October 28, 1974, Section 111 (12 U.S.C. 250)

Export-Import Bank Act of 1945, Section 18(c)(3) (12 U.S.C. 6351-6)

Agricultural Marketing Act, Section 15(a) (12 U.S.C. 1141j(a))

601

602

603

Federal Home Loan Mortgage Corporation Act, Section 306 (a), (g) (12

U.S.C. 1455 (a), (g))

604

National Housing Act, Sections 302(c)(1), 304(d)–(e), 311 (12 U.S.C.

1717(c)(1), 1719(d)-(e), 1723c)

605

Housing and Community Development Act of 1992, Section 1542 (12

U.S.C. 1831m-1)

608

Bank Holding Company Act of 1956, Section 2 (12 U.S.C. 1841)

Farm Credit Act of 1971, Section 8.12 (12 U.S.C. 2279aa-12)

Right to Financial Privacy Act of 1978 (12 U.S.C. 3401nt-3422)

610

620

623

Federal Deposit Insurance Corporation Improvement Act of 1991, Sec-

tions 401-407 (12 U.S.C. 4401-4407)

644

Reorganization Plan Number 10 of 1950 (15 U.S.C. 78d note)

649

Omnibus Small Business Capital Formation Act of 1980, Sections 502,

503, 504, 506 (15 U.S.C. 80c-80c-3)

651

Liability Risk Retention Act of 1986, Sections 2(a)(4), 5 (15 U.S.C. 3901,
3904)

653

Federal Water Power Act

655

Title 18, United States Code, Sections 152, 471-473, 474A, 494, 495,

510, 513, 1001, 1341–1343, 3571-3574, 6001-6004

656

Higher Education Act of 1965, Section 439(1) (20 U.S.C. 1087–2(1))

International Finance Corporation Act, Section 13 (22 U.S.C. 282k)

Inter-American Development Bank Act, Sections 11-12 (22 U.S.C. 283h-
283i)

669

671

673

Asian Development Bank Act, Section 11 (22 U.S.C. 285h)

Bretton Woods Agreements Act, Section 15 (22 U.S.C. 286k-1)

Act of June 29, 1949, Section 3 (22 U.S.C. 286k-2)

673

674

675

Appendix-Continued

African Development Bank Act, Section 1341 (22 U.S.C. 290i-9)

European Bank for Reconstruction and Development Act, as contained

in the Foreign Operations, Export Financing, and Related Programs

Appropriations Act, 1991 (22 U.S.C. 2901 note, 2901, 2901-7)

676

677

Internal Revenue Code of 1986, Sections 103, 401, 403, 404, 414, 501,

521, 851

679

Employee Retirement Income Security Act, Section 3(21) (29 U.S.C.
1002(21))

715

Alaska Native Claims Settlement Act, Section 28 (43 U.S.C. 1625)

Regional Rail Reorganization Act of 1973, Section 210(g) (45 U.S.C.

720(g))

Communications Act of 1934, Section 3 (h), (t) (47 U.S.C. 153 (h) (t))

Title 49, United States Code, Section 11367

716

718

719

720

Regulatory Definition of "Separately Identifiable Department or Division

of a Bank," Rule G-1

721

Index to Appendix

723

SECURITIES ACT OF 1933