Regulations last checked for updates: Feb 16, 2025

Title 31 - Money and Finance: Treasury last revised: Jan 17, 2025
All TitlesTitle 31Chapter IIPart 353Subpart B - Subpart B—Registration
View all text of Subpart B [§ 353.5 - § 353.8]
§ 353.8 - Chain letters prohibited.

The issuance of bonds in the furtherance of a chain letter or pyramid scheme is considered to be against the public interest and is prohibited.

authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3105,3125
source: 44 FR 76441, Dec. 26, 1979, unless otherwise noted.
cite as: 31 CFR 353.8
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