§ 77w. — Unlawful representations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC77w]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2A--SECURITIES AND TRUST INDENTURES
SUBCHAPTER I--DOMESTIC SECURITIES
Sec. 77w. Unlawful representations
Neither the fact that the registration statement for a security has
been filed or is in effect nor the fact that a stop order is not in
effect with respect thereto shall be deemed a finding by the Commission
that the registration statement is true and accurate on its face or that
it does not contain an untrue statement of fact or omit to state a
material fact, or be held to mean that the Commission has in any way
passed upon the merits of, or given approval to, such security. It shall
be unlawful to make, or cause to be made to any prospective purchaser
any representation contrary to the foregoing provisions of this section.
(May 27, 1933, ch. 38, title I, Sec. 23, 48 Stat. 87.)
Transfer of Functions
For transfer of functions of Securities and Exchange Commission,
with certain exceptions, to Chairman of such Commission, see Reorg. Plan
No. 10 of 1950, Secs. 1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat.
1265, set out under section 78d of this title.
