---
kind: "section"
citation: "15 U.S.C. § 80a–40"
title: "15"
title_heading: "Commerce and Trade"
number: "80a–40"
heading: "Hearings by Commission"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/80a-40"
units:
  - "Chapter 2D — Investment Companies and Advisers"
  - "Subchapter I — Investment Companies"
---

# §80a–40. Hearings by Commission


Hearings may be public and may be held before the [Commission](/usc/15/80a–2.md?p=a-7), any member or members thereof, or any officer or officers of the [Commission](/usc/15/80a–2.md?p=a-7) designated by it, and appropriate records thereof shall be kept.


## Source credit

(Aug. 22, 1940, ch. 686, title I, § 41, 54 Stat. 842.)

## Notes

### Executive Documents

### Transfer of Functions

For transfer of functions of Securities and Exchange Commission, with certain exceptions, to Chairman of such Commission, see Reorg. Plan No. 10 of 1950, §§ 1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1265, set out under section 78d of this title.