§ 80b-14. — 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: 15USC80b-14]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2D--INVESTMENT COMPANIES AND ADVISERS
SUBCHAPTER II--INVESTMENT ADVISERS
Sec. 80b-14. 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 jurisdiction of violations of this
subchapter or the rules, regulations, or orders thereunder, and,
concurrently with State and Territorial courts, of all suits in equity
and actions at law brought to enforce any liability or duty created by,
or to enjoin any violation of this subchapter or the rules, regulations,
or orders 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, or to enjoin any violation of this subchapter or rules, regulations,
or orders thereunder, may be brought in any such district or in the
district wherein the defendant is an inhabitant or transacts business,
and process in such cases may be served in any district of which the
defendant is an inhabitant or transacts business 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 subchapter brought by or against the
Commission in any court.
(Aug. 22, 1940, ch. 686, title II, Sec. 214, 54 Stat. 856; Pub. L. 100-
181, title VII, Sec. 707, Dec. 4, 1987, 101 Stat. 1264; Pub. L. 101-429,
title IV, Sec. 403, Oct. 15, 1990, 104 Stat. 951.)
Amendments
1990--Pub. L. 101-429 inserted ``and actions at law brought to
enforce any liability or duty created by, or'' after ``all suits in
equity'' and ``to enforce any liability or duty created by, or'' after
``Any suit or action''.
1987--Pub. L. 100-181 substituted ``sections 1254, 1291, 1292, and
1294 of title 28'' for ``sections 128 and 240 of the Judicial Code, as
amended, and section 7, as amended, of the Act entitled `An Act to
establish a court of appeals for the District of Columbia', approved
February 9, 1893''.
Effective Date of 1990 Amendment
Amendment by Pub. L. 101-429 effective Oct. 15, 1990, with
provisions relating to civil penalties and accounting and disgorgement,
see section 1(c)(1), (2) of Pub. L. 101-429, set out in a note under
section 77g 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 80b-9 of this title.
