Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

Code · U.S. Code · Title 15 - COMMERCE AND TRADE · CHAPTER 2A— SECURITIES AND TRUST INDENTURES · SUBCHAPTER I— DOMESTIC SECURITIES · § 77w

§ 77w. Unlawful representations

178 words·~1 min read·/usc/title-15/section-77w

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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, § 23, 48 Stat. 87.)
Connections2 cite this · traces to 1
3 references not yet in our index
  • May 27, 1933, ch. 38
  • 48 Stat. 87
  • 64 Stat. 1265
Citation graph
cites case law
§ 77w
Unlawful representations
C.F.R.×1
Fed. Reg.×1
ActMay 27, 1933, ch. 38
Stat.48 Stat. 87
Stat.64 Stat. 1265
Cites 4Cited by 2 across 2 sources
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.