15 U.S.C. § 77e : US Code - Section 77E: Prohibitions relating to interstate commerce and the mails

Search 15 U.S.C. § 77e : US Code - Section 77E: Prohibitions relating to interstate commerce and the mails

(a) Sale or delivery after sale of unregistered securities
Unless a registration statement is in effect as to a security, it
shall be unlawful for any person, directly or indirectly -
(1) to make use of any means or instruments of transportation
or communication in interstate commerce or of the mails to sell
such security through the use or medium of any prospectus or
otherwise; or
(2) to carry or cause to be carried through the mails or in
interstate commerce, by any means or instruments of
transportation, any such security for the purpose of sale or for
delivery after sale.
(b) Necessity of prospectus meeting requirements of section 77j of
this title
It shall be unlawful for any person, directly or indirectly -
(1) to make use of any means or instruments of transportation
or communication in interstate commerce or of the mails to carry
or transmit any prospectus relating to any security with respect
to which a registration statement has been filed under this
subchapter, unless such prospectus meets the requirements of
section 77j of this title; or
(2) to carry or cause to be carried through the mails or in
interstate commerce any such security for the purpose of sale or
for delivery after sale, unless accompanied or preceded by a
prospectus that meets the requirements of subsection (a) of
section 77j of this title.
(c) Necessity of filing registration statement
It shall be unlawful for any person, directly or indirectly, to
make use of any means or instruments of transportation or
communication in interstate commerce or of the mails to offer to
sell or offer to buy through the use or medium of any prospectus or
otherwise any security, unless a registration statement has been
filed as to such security, or while the registration statement is
the subject of a refusal order or stop order or (prior to the
effective date of the registration statement) any public proceeding
or examination under section 77h of this title.