Code of Federal Regulations · Section
§ 205.7 — No Private Right Of Action
17 C.F.R. § 205.7
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(a) Nothing in this part is intended to, or does, create a private right of action against any attorney, law firm, or issuer based upon compliance or noncompliance with its provisions.
(b) Authority to enforce compliance with this part is vested exclusively in the Commission.
Authorizing Statute
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Special powers of Commission15 U.S.C. § 77s