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U.S. Code as of:
01/19/04
Section 78dd. Foreign securities exchanges
(a) 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) 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.
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