§ 78dd. — Foreign securities exchanges.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC78dd]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2B--SECURITIES EXCHANGES
Sec. 78dd. Foreign securities exchanges
(a) It shall be unlawful for any broker or dealer, directly or
indirectly, to make use of the mails or of any means or instrumentality
of interstate commerce for the purpose of effecting on an exchange not
within or subject to the jurisdiction of the United States, any
transaction in any security the issuer of which is a resident of, or is
organized under the laws of, or has its principal place of business in,
a place within or subject to the jurisdiction of the United States, in
contravention of such rules and regulations as the Commission may
prescribe as necessary or appropriate in the public interest or for the
protection of investors or to prevent the evasion of this chapter.
(b) The provisions of this chapter or of any rule or regulation
thereunder shall not apply to any person insofar as he transacts a
business in securities without the jurisdiction of the United States,
unless he transacts such business in contravention of such rules and
regulations as the Commission may prescribe as necessary or appropriate
to prevent the evasion of this chapter.
(June 6, 1934, ch. 404, title I, Sec. 30, 48 Stat. 904.)
References in Text
This chapter, referred to in subsecs. (a) and (b), was in the
original ``this title''. See References in Text note set out under
section 78a of this title.
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 section 78hh of this title.
