---
kind: "section"
citation: "17 C.F.R. § 205.7"
title: "17"
number: "205.7"
heading: "No private right of action."
url: "https://uscodex.org/cfr/17/205.7"
---

# §205.7. No private right of action.

- (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.**

## Notes

### Authority

Authority: 15 U.S.C. 77s, 78d-3, 78w, 80a-37, 80a-38, 80b-11, 7202, 7245, and 7262.

### Source

Source: 68 FR 6320, Feb. 6, 2003, unless otherwise noted.