Federal · Title 15 — Commerce and Trade

15 U.S.C. § 2070: Criminal penalties

Felony

What this law says, in plain English

This statute imposes criminal penalties of up to 5 years imprisonment and/or fines for knowing and willful violations, plus potential asset forfeiture. Individual officers of corporations can face the same penalties for authorizing or performing violating acts.

Read the full statutory text

imprisonment for not more than 5 years for a knowing and willful violation of that section; a fine determined under section 3571 of title 18 ; or both. Any individual director, officer, or agent of a corporation who knowingly and willfully authorizes, orders, or performs any of the acts or practices constituting in whole or in part a violation of section 2068 of this title shall be subject to penalties under this section without regard to any penalties to which that corporation may be subject under subsection (a). In addition to the penalties provided by subsection (a), the penalty for a criminal violation of this chapter or any other Act enforced by the Commission may include the forfeiture of assets associated with the violation. In this subsection, the term “criminal violation” means a violation of this chapter or any other Act enforced by the Commission for which the violator is sentenced to pay a fine, be imprisoned, or both.

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.