17 CFR § 205.7 - No private right of action.

---
identifier: "/us/cfr/t17/s205.7"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 205.7 - No private right of action."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "205.7"
section_name: "No private right of action."
chapter_name: "SECURITIES AND EXCHANGE COMMISSION"
part_number: "205"
part_name: "STANDARDS OF PROFESSIONAL CONDUCT FOR ATTORNEYS APPEARING AND PRACTICING BEFORE THE COMMISSION IN THE REPRESENTATION OF AN ISSUER"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 77s, 78d-3, 78w, 80a-37, 80a-38, 80b-11, 7202, 7245, and 7262."
regulatory_source: "68 FR 6320, Feb. 6, 2003, unless otherwise noted."
cfr_part: "205"
---


# 205.7 No private right of action.

(a) Nothing in this part is intended to, or does, create a private right of action against any attorney, law firm, or issuer based upon compliance or noncompliance with its provisions.

(b) Authority to enforce compliance with this part is vested exclusively in the Commission.