(a) The district courts of the
United States and the United States courts of any Territory or other
place subject to the jurisdiction of the United States shall have
exclusive jurisdiction of violations of this title or the rules and
regulations thereunder, and of all suits in equity and actions at
law brought to enforce any liability or duty created by this title
or the rules and regulations thereunder. Any criminal proceeding may
be brought in the district wherein any act or transaction constituting
the violation occurred. Any suit or action to enforce any liability
or duty created by this title or rules and regulations thereunder,
or to enjoin any violation of such title or rules and regulations,
may be brought in any such district or in the district wherein the
defendant is found or is an inhabitant or transacts business, and
process in such cases may be served in any other district of which
the defendant is an inhabitant of wherever the defendant may be found.
In any action or proceeding instituted by the Commission under this
title in a United States district court for any judicial district,
a subpoena issued to compel the attendance of a witness or the production
of documents or tangible things (or both) at a hearing or trial may
be served at any place within the United States. Rule 45(c)(3)(A)(ii)
of the Federal Rules of Civil Procedure shall not apply to a subpoena
issued under the preceding sentence. Judgments and decrees so rendered
shall be subject to review as provided in sections 1254, 1291, 1292,
and 1294 of title 28, United States Code. No costs shall be assessed
for or against the Commission in any proceeding under this title brought
by or against it in the Supreme Court or such other courts.
(b) Extraterritorial jurisdiction. The district courts of the United States and the United States courts
of any Territory shall have jurisdiction of an action or proceeding
brought or instituted by the Commission or the United States alleging
a violation of the antifraud provisions of this title involving—
(1) conduct within the United
States that constitutes significant steps in furtherance of the violation,
even if the securities transaction occurs outside the United States
and involves only foreign investors; or
(2) conduct occurring outside the United
States that has a foreseeable substantial effect within the United
States.
[15 USC 78aa. As amended
by acts of June 25, 1936 (49 Stat. 1921); June 25, 1948 (62 Stat.
991); May 24, 1949 (63 Stat. 107); Dec. 4, 1987 (101 Stat. 1259);
and July 21, 2010 (124 Stat. 1853, 1865).]
