Securities Lawyer's Deskbook
                         published by The University of Cincinnati College of Law 		UC Law logo

Legislative History

Search Page

Suggestions

Main Table of Contents

Home

The
Investment Advisers Act of 1940





Section 214 -- 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 title 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 title 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 enjoin any violation of this title 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, United States Code. No costs shall be assessed for or against the Commission in any proceeding under this title brought by or against the Commission in any court.

Legislative History


Aug. 22, 1940, ch 686, Title II, § 214, 54 Stat. 856; Dec. 4, 1987, P.L. 100-181, Title VII, § 707, 101 Stat. 1264; Oct. 15, 1990, P.L. 101-429, Title IV, § 403, 104 Stat. 951.

Notice to Users: The Deskbook is made available with the understanding that the University of Cincinnati College of Law is not engaged in rendering legal, accounting or other professional services. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. See Terms and Conditions of Use.  UC Brand Ingot
© Copyright 1998-2008, University of Cincinnati, All Rights Reserved
 Contact: joseph.hodnicki@uc.edu