**(a) Unlawful transactions on foreign securities exchanges** It shall be unlawful for any broker or dealer, directly or indirectly, to make use of the mails or of any means or instrumentality of interstate commerce for the purpose of effecting on an exchange not within or subject to the jurisdiction of the United States, any transaction in any security the issuer of which is a resident of, or is organized under the laws of, or has its principal place of business in, a place within or subject to the jurisdiction of the United States, in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors or to prevent the evasion of this chapter.
**(b) Business without the jurisdiction of the United States** The provisions of this chapter or of any rule or regulation thereunder shall not apply to any person insofar as he transacts a business in securities without the jurisdiction of the United States, unless he transacts such business in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate to prevent the evasion of this chapter.
**(c) Rule of construction** No provision of this chapter that was added by the Wall Street Transparency and Accountability Act of 2010, or any rule or regulation thereunder, shall apply to any person insofar as such person transacts a business in security-based swaps without the jurisdiction of the United States, unless such person transacts such business in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate to prevent the evasion of any provision of this chapter that was added by the Wall Street Transparency and Accountability Act of 2010. This sub
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Stable record: federal_law:legal_authorities:record_usc_ef3f7d5f1afc025b53a23b73 Source file: Laws/federal/codes/united-states-code/title-15/section-78dd-foreign-securities-exchanges--81dab0e2a4.md Pages: Not recorded – Not recorded Passage SHA-256: 44bb6c29600e11369c71e6edfe639cf28632804913c4693ff2c44590afc92ac4 Retained source evidence SHA-256: c8ebb429799049e8ffae537b98f3963b3fcf601a8a37840bc2b6b7cd0616a7dd
Source location: Title 15, Chapter 2B, § 78dd; chapter-2b-securities-exchanges.md
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**(a) Unlawful transactions on foreign securities exchanges** It shall be unlawful for any broker or dealer, directly or indirectly, to make use of the mails or of any means or instrumentality of interstate commerce for the purpose of effecting on an exchange not within or subject to the jurisdiction of the United States, any transaction in any security the issuer of which is a resident of, or is organized under the laws of, or has its principal place of business in, a place within or subject to the jurisdiction of the United States, in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors or to prevent the evasion of this chapter.
**(b) Business without the jurisdiction of the United States** The provisions of this chapter or of any rule or regulation thereunder shall not apply to any person insofar as he transacts a business in securities without the jurisdiction of the United States, unless he transacts such business in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate to prevent the evasion of this chapter.
**(c) Rule of construction** No provision of this chapter that was added by the Wall Street Transparency and Accountability Act of 2010, or any rule or regulation thereunder, shall apply to any person insofar as such person transacts a business in security-based swaps without the jurisdiction of the United States, unless such person transacts such business in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate to prevent the evasion of any provision of this chapter that was added by the Wall Street Transparency and Accountability Act of 2010. This subsection shall not be construed to limit the jurisdiction of the Commission under any provision of this chapter, as in effect prior to July 21, 2010.
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Federal law — U.S. Code and appendices · legal_authorities
§ 78dd. Foreign securities exchanges
(a) Unlawful transactions on foreign securities
exchanges
It shall be unlawful for any broker or dealer,
directly or indirectly, to make use of the mails
or of any means or instrumentality of interstate
commerce for the purpose of effecting on an ex-
change not within or subject to the jurisdiction
of the United States, any transaction in any se-
curity the issuer of which is a resident of, or is
organized under the laws of, or has its principal
place of business in, a place within or subject to
the jurisdiction of the United States, in con-
travention of such rules and regulations as the
Commission may prescribe as necessary or ap-
propriate in the public interest or for the pro-
tection of investors or to prevent the evasion of
this chapter.
(b) Business without the jurisdiction of the
United States
The provisions of this chapter or of any rule or
regulation thereunder shall not apply to any
person insofar as he transacts a business in secu-
rities without the jurisdiction of the United
States, unless he transacts such business in con-
travention of such rules and regulations as the
Commission may prescribe as necessary or ap-
propriate to prevent the evasion of this chapter.
(c) Rule of construction
No provision of this chapter that was added by
the Wall Street Transparency and Account-
ability Act of 2010, or any rule or regulation
thereunder, shall apply to any person insofar as
such person transacts a business in security-
based swaps without the jurisdiction of the
United States, unless such person transacts such
Page 455
TITLE 15—COMMERCE AND TRADE
§ 78dd–1
business in contravention of such rules and reg-
ulations as the Commission may prescribe as
necessary or appropriate to prevent the evasion