VOIDABILITY OF CONTRACTS IN VIOLATION OF SECTION 15(c)(2).

SEC. 507. VOIDABILITY OF CONTRACTS IN VIOLATION OF SECTION 15(c)(2). Section 29(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78cc(b)) is amended— (1) in clause (A), by striking “paragraph (2) or (3)” and inserting “paragraph (3)”; (2) in clause (B), by striking “paragraph (1)” and inserting “paragraph (1) or (2)”; and (3) by adding at the end thereof the following new sentence: “The Commission may, in a rule or regulation prescribed pursuant to such paragraph (2) of such section 15(c), designate such rule or regulation, or portion thereof, as a rule or regulation, or portion thereof, a contract in violation of which shall not be void by reason of this subsection.”.