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U.S. Code as of:
01/19/04
Section 77v. Jurisdiction of offenses and suits
(a) Federal and State courts; venue; service of process; review;
removal; costs
The district courts of the United States and the United States
courts of any Territory shall have jurisdiction of offenses and
violations under this subchapter and under the rules and
regulations promulgated by the Commission in respect thereto, and,
concurrent with State and Territorial courts, except as provided in
section 77p of this title with respect to covered class actions, of
all suits in equity and actions at law brought to enforce any
liability or duty created by this subchapter. Any such suit or
action may be brought in the district wherein the defendant is
found or is an inhabitant or transacts business, or in the district
where the offer or sale took place, if the defendant participated
therein, and process in such cases may be served in any other
district of which the defendant is an inhabitant 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. Except as provided in section 77p(c) of this
title, no case arising under this subchapter and brought in any
State court of competent jurisdiction shall be removed to any court
of the United States. No costs shall be assessed for or against the
Commission in any proceeding under this subchapter brought by or
against it in the Supreme Court or such other courts.
(b) Contumacy or refusal to obey subpena; contempt
In case of contumacy or refusal to obey a subpena issued to any
person, any of the said United States courts, within the
jurisdiction of which said person guilty of contumacy or refusal to
obey is found or resides, upon application by the Commission may
issue to such person an order requiring such person to appear
before the Commission, or one of its examiners designated by it,
there to produce documentary evidence if so ordered, or there to
give evidence touching the matter in question; and any failure to
obey such order of the court may be punished by said court as a
contempt thereof.
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