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U.S. Code as of:
01/19/04
Section 50. Offenses and penalties
Any person who shall neglect or refuse to attend and testify, or
to answer any lawful inquiry or to produce any documentary
evidence, if in his power to do so, in obedience to an order of a
district court of the United States directing compliance with the
subpoena or lawful requirement of the Commission, shall be guilty
of an offense and upon conviction thereof by a court of competent
jurisdiction shall be punished by a fine of not less than $1,000
nor more than $5,000, or by imprisonment for not more than one
year, or by both such fine and imprisonment.
Any person who shall willfully make, or cause to be made, any
false entry or statement of fact in any report required to be made
under this subchapter, or who shall willfully make, or cause to be
made, any false entry in any account, record, or memorandum kept by
any person, partnership, or corporation subject to this subchapter,
or who shall willfully neglect or fail to make, or to cause to be
made, full, true, and correct entries in such accounts, records, or
memoranda of all facts and transactions appertaining to the
business of such person, partnership, or corporation, or who shall
willfully remove out of the jurisdiction of the United States, or
willfully mutilate, alter, or by any other means falsify any
documentary evidence of such person, partnership, or corporation,
or who shall willfully refuse to submit to the Commission or to any
of its authorized agents, for the purpose of inspection and taking
copies, any documentary evidence of such person, partnership, or
corporation in his possession or within his control, shall be
deemed guilty of an offense against the United States, and shall be
subject, upon conviction in any court of the United States of
competent jurisdiction, to a fine of not less than $1,000 nor more
than $5,000, or to imprisonment for a term of not more than three
years, or to both such fine and imprisonment.
If any persons, partnership, or corporation required by this
subchapter to file any annual or special report shall fail so to do
within the time fixed by the Commission for filing the same, and
such failure shall continue for thirty days after notice of such
default, the corporation shall forfeit to the United States the sum
of $100 for each and every day of the continuance of such failure,
which forfeiture shall be payable into the Treasury of the United
States, and shall be recoverable in a civil suit in the name of the
United States brought in the case of a corporation or partnership
in the district where the corporation or partnership has its
principal office or in any district in which it shall do business,
and in the case of any person in the district where such person
resides or has his principal place of business. It shall be the
duty of the various United States attorneys, under the direction of
the Attorney General of the United States, to prosecute for the
recovery of the forfeitures. The costs and expenses of such
prosecution shall be paid out of the appropriation for the expenses
of the courts of the United States.
Any officer or employee of the Commission who shall make public
any information obtained by the Commission without its authority,
unless directed by a court, shall be deemed guilty of a
misdemeanor, and, upon conviction thereof, shall be punished by a
fine not exceeding $5,000, or by imprisonment not exceeding one
year, or by fine and imprisonment, in the discretion of the court.
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