Under the 1934 Act

Under the 1934 Act:

A) criminal sanctions may be imposed on any person who willfully violates any provision of the Act (except the antibribery provision) or the SEC rules promulgated pursuant to the Act.
B) criminal sanctions may not be imposed.
C) conviction of an individual may result in imprisonment for up to 25 years.
D) a person who proves he had no knowledge of the rule is still subject to imprisonment.