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15 U.S.C. § 70i — Criminal penalty

submitted 68 years ago by Pub. L. 85-897 to r/title-15-COMMERCE-AND-TRADE · 140 words · no verdicts yet

in plain englishAI-generated · not legal advice

Willfully doing anything sections 70a, 70c, 70d, 70g, or 70h(b) makes unlawful is a misdemeanor. A court can fine the violator up to $5,000, jail them for up to a year, or both. The Commission can send the facts to the Attorney General, who must prosecute if convinced.

(a) Anyone who willfully does something that section 70a, 70c, 70d, 70g, or 70h(b) declares unlawful is guilty of a misdemeanor. A court can fine that person up to $5,000. It can also imprison them for up to a year. The court can order both a fine and prison time, at its discretion. Nothing in this section limits any other part of this subchapter. (b) Whenever the Commission has reason to believe someone is guilty of this misdemeanor, it may send all the relevant facts to the Attorney General. If the Attorney General agrees, based on those facts, that the person is guilty, it becomes the Attorney General's duty to bring the appropriate court proceedings to enforce this section against that person.
the actual law source: uscode.house.gov ↗public domain
(a)

Any person who willfully does an act which by section 70a, 70c, 70d, 70g, or 70h(b) of this title is declared to be unlawful shall be guilty of a misdemeanor and upon conviction shall be fined not more than $5,000 or be imprisoned not more than one year, or both, in the discretion of the court: Provided, That nothing in this section shall limit any other provision of this subchapter.

(b)

Whenever the Commission has reason to believe that any person is guilty of a misdemeanor under this section, it may certify all pertinent facts to the Attorney General. If, on the basis of the facts certified, the Attorney General concurs in such belief, it shall be his duty to cause appropriate proceedings to be brought for the enforcement of the provisions of this section against such person.

Source credit: (Pub. L. 85–897, § 11, Sept. 2, 1958, 72 Stat. 1723.)

history & why it existsrecord from the source credit
  • 1958Enacted · Pub. L. 85-897 · 72 Stat. 1723

A history note hasn’t been published yet. The record shows enactment by Pub. L. 85-897 on 1958-09-02.

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