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15 U.S.C. § 77u — Hearings by Commission
submitted 93 years ago by ch. 38 to r/title-15-COMMERCE-AND-TRADE · 30 words · no verdicts yet
in plain englishAI-generated · not legal advice
All SEC hearings under this section must be public. The Commission itself, or an officer it designates, may hold them. The Commission must keep proper records of every hearing.
This section covers hearings the SEC holds under the Securities Act. Unlike the similarly named section for the Trust Indenture Act, these hearings must be public — the law doesn't just allow it. They can be held before the full Commission or before an officer the Commission designates to run the hearing (this section doesn't mention individual Commission members holding a hearing on their own). Whoever holds the hearing must keep appropriate records of what happens.
the actual law source: uscode.house.gov ↗public domain
All hearings shall be public and may be held before the Commission or an officer or officers of the Commission designated by it, and appropriate records thereof shall be kept.
Source credit: (May 27, 1933, ch. 38, title I, § 21, 48 Stat. 86.)
history & why it existsrecord from the source credit
- 1933Enacted · Act of May 27, 1933, ch. 38 · 48 Stat. 86
A history note hasn’t been published yet. The record shows enactment by ch. 38 on 1933-05-27.
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