15 U.S.C. § 78o–2 — Liabilities arising prior to amendment unaffected

This section is short. It has no lettered subsections. Before this Act, section 78o of this title, and any rules or regulations written under it, made certain conduct illegal. If someone broke that law or those rules, they became liable for it. This Act does not wipe out that earlier liability. Even though the Act changes the rules going forward, it does not let anyone off the hook for a violation that already happened before the Act's effective date. In plain terms: a violation of section 78o, or of a rule under it, still counts — and can still be enforced — even after this Act took effect.