§ 79z-3. — Penalties.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC79z-3]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2C--PUBLIC UTILITY HOLDING COMPANIES
Sec. 79z-3. Penalties
Any person who willfully violates any provision of this chapter or
any rule, regulation, or order thereunder (other than an order of the
Commission under subsections (b), (d), (e), or (f) of section 79k of
this title), or any person who willfully makes any statement or entry in
any application, report, document, account, or record filed or kept or
required to be filed or kept under the provisions of this chapter or any
rule, regulation, or order thereunder, knowing such statement or entry
to be false or misleading in any material respect, or any person who
willfully destroys (except after such time as may be prescribed under
any rules or regulations under this chapter), mutilates, alters, or by
any means or device falsifies any account, correspondence, memorandum,
book, paper, or other record kept or required to be kept under the
provisions of this chapter or any rule, regulation, or order thereunder,
shall upon conviction be fined not more than $10,000 or imprisoned not
more than five years, or both, except that in the case of a violation of
a provision of subsection (a) or (b) of section 79d of this title by a
holding company which is not an individual, the fine imposed upon such
holding company shall be a fine not exceeding $200,000; but no person
shall be convicted under this section for the violation of any rule,
regulation, or order if he proves that he had no knowledge of such rule,
regulation, or order.
(Aug. 26, 1935, ch. 687, title I, Sec. 29, 49 Stat. 836; Pub. L. 94-29,
Sec. 27(c), June 4, 1975, 89 Stat. 163.)
Amendments
1975--Pub. L. 94-29 substituted ``or imprisoned not more than five
years'' for ``or imprisoned not more than two years''.
Effective Date of 1975 Amendment
Amendment by Pub. L. 94-29 effective June 4, 1975, see section 31(a)
of Pub. L. 94-29, set out as a note under section 78b 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.
