U.S. Code of Federal Regulations
Regulations most recently checked for updates: Aug 28, 2025
The issuance of bonds in the furtherance of a chain letter, pyramid, or similar scheme is against the public interest and is prohibited.
Regulations most recently checked for updates: Aug 28, 2025
The issuance of bonds in the furtherance of a chain letter, pyramid, or similar scheme is against the public interest and is prohibited.