15 USC 80a-47 – Liability of controlling persons; preventing compliance with subchapter
(a) Procurement
It shall be unlawful for any person, directly or indirectly, to cause to be done any act or thing through or by means of any other person which it would be unlawful for such person to do under the provisions of this subchapter or any rule, regulation, or order thereunder.
(b) Substantially assisting a violation
Terms Used In 15 USC 80a-47
- Commission: means the Securities and Exchange Commission. See 15 USC 80a-2
- Person: means a natural person or a company. See 15 USC 80a-2
For purposes of any action brought by the Commission under subsection (d) or (e) of section 80a-41 of this title, any person that knowingly or recklessly provides substantial assistance to another person in violation of a provision of this subchapter, or of any rule or regulation issued under this subchapter, shall be deemed to be in violation of such provision to the same extent as the person to whom such assistance is provided.
(c) Obstructing compliance
It shall be unlawful for any person without just cause to hinder, delay, or obstruct the making, filing, or keeping of any information, document, report, record, or account required to be made, filed, or kept under any provision of this subchapter or any rule, regulation, or order thereunder.