7 U.S.C. § 12b

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)
Section 12b - Trading ban violations; prohibition

It shall be unlawful for any person, against whom there is outstanding any order of the Commission prohibiting him from trading on or subject to the rules of any registered entity, to make or cause to be made in contravention of such order, any contract for future delivery of any commodity, on or subject to the rules of any registered entity.

7 U.S.C. § 12b

Sept. 21, 1922, ch. 369, §8b, as added Pub. L. 90-258, §24, Feb. 19, 1968, 82 Stat. 33; amended Pub. L. 93-463, title I, §103(a), Oct. 23, 1974, 88 Stat. 1392; Pub. L. 106-554, §1(a)(5) [title I, §123(a)(20)], Dec. 21, 2000, 114 Stat. 2763, 2763A-410.

EDITORIAL NOTES

AMENDMENTS2000- Pub. L. 106-554 substituted "registered entity" for "contract market" in two places.1974- Pub. L. 93-463 substituted "Commission" for "Secretary of Agriculture".

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATE OF 1974 AMENDMENTFor effective date of amendment by Pub. L. 93-463 see section 418 of Pub. L. 93-463 set out as a note under section 2 of this title.

EFFECTIVE DATESection effective 120 days after Feb. 19, 1968, see section 28 of Pub. L. 90-258 set out as an Effective Date of 1968 Amendment note under section 2 of this title.

Commission
The term "Commission" means the Commodity Futures Trading Commission established under section 2(a)(2) of this title.
registered entity
The term "registered entity" means-(A) a board of trade designated as a contract market under section 7 of this title;(B) a derivatives clearing organization registered under section 7a-1 of this title;(C) a board of trade designated as a contract market under section 7b-1 of this title;(D) a swap execution facility registered under section 7b-3 of this title;(E) a swap data repository registered under section 24a of this title; and(F) with respect to a contract that the Commission determines is a significant price discovery contract, any electronic trading facility on which the contract is executed or traded.