Act of Aug. 22, 1940, ch. 686, tit. II, sec. 207 (as amended)
material misstatements
material misstatements
Sec. 207. [80b–7] It shall be unlawful for any person willfully to make any untrue statement of a material fact in any registration application or report filed with the Commission under section 203 or 204, or willfully to omit to state in any such application or report any material fact which is required to be stated therein.