§ 78aa. — Jurisdiction of offenses and suits.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC78aa]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2B--SECURITIES EXCHANGES
Sec. 78aa. Jurisdiction of offenses and suits
The district courts of the United States and the United States
courts of any Territory or other place subject to the jurisdiction of
the United States shall have exclusive jurisdiction of violations of
this chapter or the rules and regulations thereunder, and of all suits
in equity and actions at law brought to enforce any liability or duty
created by this chapter or the rules and regulations thereunder. Any
criminal proceeding may be brought in the district wherein any act or
transaction constituting the violation occurred. Any suit or action to
enforce any liability or duty created by this chapter or rules and
regulations thereunder, or to enjoin any violation of such chapter or
rules and regulations, may be brought in any such district or in the
district wherein the defendant is found or is an inhabitant or transacts
business, and process in such cases may be served in any other district
of which the defendant is an inhabitant or wherever the defendant may be
found. Judgments and decrees so rendered shall be subject to review as
provided in sections 1254, 1291, 1292, and 1294 of title 28. No costs
shall be assessed for or against the Commission in any proceeding under
this chapter brought by or against it in the Supreme Court or such other
courts.
(June 6, 1934, ch. 404, title I, Sec. 27, 48 Stat. 902; June 25, 1936,
ch. 804, 49 Stat. 1921; June 25, 1948, ch. 646, Sec. 32(b), 62 Stat.
991; May 24, 1949, ch. 139, Sec. 127, 63 Stat. 107; Pub. L. 100-181,
title III, Sec. 326, Dec. 4, 1987, 101 Stat. 1259.)
References in Text
This chapter, referred to in text, was in the original ``this
title''. See References in Text note set out under section 78a of this
title.
Codification
As originally enacted section contained references to the Supreme
Court of the District of Columbia. Act June 25, 1936, substituted ``the
district court of the United States for the District of Columbia'' for
``the Supreme Court of the District of Columbia'', and act June 25,
1948, as amended by act May 24, 1949, substituted ``United States
District Court for the District of Columbia'' for ``district court of
the United States for the District of Columbia''. Pub. L. 100-181 struck
out reference to the United States District Court for the District of
Columbia. Previously, such words had been editorially eliminated as
superfluous in view of section 132(a) of Title 28, Judiciary and
Judicial Procedure, which provides that ``There shall be in each
judicial district a district court which shall be a court of record
known as the United States District Court for the district'', and
section 88 of Title 28 which provides that ``the District of Columbia
constitutes one judicial district''.
Amendments
1987--Pub. L. 100-181 struck out ``, the United States District
Court for the District of Columbia,'' after ``district courts of the
United States'' and substituted ``sections 1254, 1291, 1292, and 1294 of
title 28'' for ``sections 128 and 240 of the Judicial Code, as amended
(U.S.C., title 28, secs. 225 and 347)''. See Codification note above.
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.
Section Referred to in Other Sections
This section is referred to in sections 78s, 78u, 78u-1, 78eee of
this title.
