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15 U.S.C. § 80a–44Disclosure of information filed with Commission; copies

submitted 86 years ago by ch. 686 to r/title-15-COMMERCE-AND-TRADE · 212 words · no verdicts yet

in plain englishAI-generated · not legal advice

Information investment companies file with the SEC must generally be made public. SEC staff can't use non-public filed information for personal gain, or share it outside official government use. The SEC must sell copies of public filings for a reasonable fee.

(a) Information in a registration statement, application, report, or other document filed with the SEC under this law — as opposed to information just sent to the SEC — must be made available to the public, unless the SEC decides, by rule or order, that public disclosure isn't necessary or appropriate for the public interest or investor protection. Except as section 78x(c) allows, an SEC member, officer, or employee can't use non-public filed or transmitted information for personal benefit, or share it with anyone besides a U.S. or state official or employee for official use — and that official or employee can't use it for personal benefit either. (b) The SEC must provide photostatic or other copies of publicly available filed information to anyone who asks, for a reasonable charge and under reasonable limits the SEC sets.
the actual law source: uscode.house.gov ↗public domain
(a)

The information contained in any registration statement, application, report, or other document filed with the Commission pursuant to any provision of this subchapter or of any rule or regulation thereunder (as distinguished from any information or document transmitted to the Commission) shall be made available to the public, unless and except insofar as the Commission, by rules and regulations upon its own motion, or by order upon application, finds that public disclosure is neither necessary nor appropriate in the public interest or for the protection of investors. Except as provided in section 78x(c) of this title, it shall be unlawful for any member, officer, or employee of the Commission to use for personal benefit, or to disclose to any person other than an official or employee of the United States or of a State, for official use, or for any such official or employee to use for personal benefit, any information contained in any document so filed or transmitted, if such information is not available to the public.

(b)

Photostatic or other copies of information contained in documents filed with the Commission under this subchapter and made available to the public shall be furnished any person at such reasonable charge and under such reasonable limitations as the Commission shall prescribe.

Source credit: (Aug. 22, 1940, ch. 686, title I, § 45, 54 Stat. 845; Pub. L. 101–550, title II, § 202(b)(1), Nov. 15, 1990, 104 Stat. 2715.)

history & why it existsrecord from the source credit
  • 1940Enacted · Act of Aug. 22, 1940, ch. 686 · 54 Stat. 845
  • 1990Amended · Pub. L. 101-550 · 104 Stat. 2715

A history note hasn’t been published yet. The record shows enactment by ch. 686 on 1940-08-22.

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