15 U.S.C. § 77x : US Code - Section 77X: Penalties

Search 15 U.S.C. § 77x : US Code - Section 77X: Penalties

Any person who willfully violates any of the provisions of this
subchapter, or the rules and regulations promulgated by the
Commission under authority thereof, or any person who willfully, in
a registration statement filed under this subchapter, makes any
untrue statement of a material fact or omits to state any material
fact required to be stated therein or necessary to make the
statements therein not misleading, shall upon conviction be fined
not more than $10,000 or imprisoned not more than five years, or
both.