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U.S. Code as of:
01/03/05
Section 13c. Responsibility as principal; minor violations
(a) Any person who commits, or who willfully aids, abets,
counsels, commands, induces, or procures the commission of, a
violation of any of the provisions of this chapter, or any of the
rules; regulations, or orders issued pursuant to this chapter, or
who acts in combination or concert with any other person in any
such violation, or who willfully causes an act to be done or
omitted which if directly performed or omitted by him or another
would be a violation of the provisions of this chapter or any of
such rules, regulations, or orders may be held responsible for such
violation as a principal.
(b) Any person who, directly or indirectly, controls any person
who has violated any provision of this chapter or any of the rules,
regulations, or orders issued pursuant to this chapter may be held
liable for such violation in any action brought by the Commission
to the same extent as such controlled person. In such action, the
Commission has the burden of proving that the controlling person
did not act in good faith or knowingly induced, directly or
indirectly, the act or acts constituting the violation.
(c) Nothing in this chapter shall be construed as requiring the
Commission or the Commission (!1) to report minor violations of
this chapter for prosecution, whenever it appears that the public
interest does not require such action.
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