---
kind: "unit"
title: "15"
title_heading: "Commerce and Trade"
key: "ch2D/schII"
level: "subchapter"
label: "Subchapter II"
heading: "Investment Advisers"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/ch2D-schII"
sections_count: 28
---

# Subchapter II — Investment Advisers

Title 15 — Commerce and Trade › Chapter 2D — Investment Companies and Advisers

## Sections

- [§80b–1. Findings](/usc/15/80b-1.md)
- [§80b–2. Definitions](/usc/15/80b-2.md)
- [§80b–3. Registration of investment advisers](/usc/15/80b-3.md)
- [§80b–3a. State and Federal responsibilities](/usc/15/80b-3a.md)
- [§80b–4. Reports by investment advisers](/usc/15/80b-4.md)
- [§80b–4a. Prevention of misuse of nonpublic information](/usc/15/80b-4a.md)
- [§80b–5. Investment advisory contracts](/usc/15/80b-5.md)
- [§80b–6. Prohibited transactions by investment advisers](/usc/15/80b-6.md)
- [§80b–6a. Exemptions](/usc/15/80b-6a.md)
- [§80b–7. Material misstatements](/usc/15/80b-7.md)
- [§80b–8. General prohibitions](/usc/15/80b-8.md)
- [§80b–9. Enforcement of subchapter](/usc/15/80b-9.md)
- [§80b–10. Disclosure of information by Commission](/usc/15/80b-10.md)
- [§80b–10a. Consultation](/usc/15/80b-10a.md)
- [§80b–11. Rules, regulations, and orders of Commission](/usc/15/80b-11.md)
- [§80b–12. Hearings](/usc/15/80b-12.md)
- [§80b–13. Court review of orders](/usc/15/80b-13.md)
- [§80b–14. Jurisdiction of offenses and suits](/usc/15/80b-14.md)
- [§80b–15. Validity of contracts](/usc/15/80b-15.md)
- [§80b–16. Omitted](/usc/15/80b-16.md)
- [§80b–17. Penalties](/usc/15/80b-17.md)
- [§80b–18. Hiring and leasing authority of Commission](/usc/15/80b-18.md)
- [§80b–18a. State regulation of investment advisers](/usc/15/80b-18a.md)
- [§80b–18b. Custody of client accounts](/usc/15/80b-18b.md)
- [§80b–18c. Rule of construction relating to the Commodities Exchange Act](/usc/15/80b-18c.md)
- [§80b–19. Separability](/usc/15/80b-19.md)
- [§80b–20. Short title](/usc/15/80b-20.md)
- [§80b–21. Effective date](/usc/15/80b-21.md)