LAWS & RULES

- 201. Findings
- 202. Definitions
- 203. Registration of Investment
      - Advisers

- 203A. State and Federal
- 204. Annual and Other Reports
- 204A. Prevention of Misuse of
      - Nonpublic Information

- 205. Investment Advisory
      - Contracts

- 206. Prohibited Transactions by
      - Investment Advisers

- 206A. Exemptions
- 207. Material Misstatements
- 208. General Prohibitions
- 209. Enforcement of Title
- 210. Publicity
- 211. Rules, Regulations and
      - Orders

- 212. Hearings
- 213. Court Review of Orders
- 214. Jurisdiction of Offenses
      - and Suits

- 215. Validity of Contracts
- 216. Annual Reports of
      - Commission

- 217. Penalties
- 218. Hiring and Leasing Authority
      - of the Commission

- 219. Separability of Provisions
- 220. Short Title
- 221. Effective Date
- 222. State Regulation of
      - Investment Advisers

.

Section 215. Validity of Contracts

Section 215. (a) Any condition, stipulation, or provision binding any person to waive compliance with any provision of this title or with any rule, regulation, or order thereunder shall be void.

     (b) Every contract made in violation of any provision of this title and every contract heretofore or hereafter made, the performance of which involves the violation of, or the continuance of any relationship or practice in violation of any provision of this title, or any rule, regulation, or order thereunder, shall be void: (1) as regards, the rights of any person who, in violation of any such provision, rule, regulation, or order, shall have made or engaged in the performance of any such contract, and (2) as regards the rights of any person who, not being a party to such contract, shall have acquired any right thereunder with actual knowledge of the facts by reason of which the making or performance of such contract was in violation of any such provision.


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