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U.S.C. Title 7-AGRICULTURE
CHAPTER 1-COMMODITY EXCHANGES

7 U.S. Code § 6o

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Fraud and misrepresentation by commodity trading advisors, commodity pool operators, and associated persons

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7 U.S. Code § 6o. Fraud and misrepresentation by commodity trading advisors, commodity pool operators, and associated persons

(1) It shall be unlawful for a commodity trading advisor, associated person of a commodity trading advisor, commodity pool operator, or associated person of a commodity pool operator, by use of the mails or any means or instrumentality of interstate commerce, directly or indirectly—

(A)

to employ any device, scheme, or artifice to defraud any client or participant or prospective client or participant; or

(B)

to engage in any transaction, practice, or course of business which operates as a fraud or deceit upon any client or participant or prospective client or participant.

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The United States Code on COSMOS is current through Public Law 118-34 (12/26/2023), except for Public Law 118-31.

CHAPTER 1-COMMODITY EXCHANGES

§1 Short title
§1a Definitions
§1b Requirements of Secretary of the Treasury regarding exemption of foreign exchange swaps and foreign exchange forwards from definition of the term "swap"
§2 Jurisdiction of Commission; liability of principal for act of agent; Commodity Futures Trading Commission; transaction in interstate commerce
§2a to 4a Transferred
§5 Findings and purpose
§6 Regulation of futures trading and foreign transactions
§6a Excessive speculation
§6b Contracts designed to defraud or mislead
§6b-1 Enforcement authority
§6c Prohibited transactions
§6d Dealing by unregistered futures commission merchants or introducing brokers prohibited; duties in handling customer receipts; conflict-of-interest systems and procedures; Chief Compliance Officer; rules to avoid duplicative regulations; swap requirements; portfolio margining accounts
§6e Dealings by unregistered floor trader or broker prohibited
§6f Registration and financial requirements; risk assessment
§6g Reporting and recordkeeping
§6h False self-representation as registered entity member prohibited
§6i Reports of deals equal to or in excess of trading limits; books and records; cash and controlled transactions
§6j Restrictions on dual trading in security futures products on designated contract markets and registered derivatives transaction execution facilities
§6k Registration of associates of futures commission merchants, commodity pool operators, and commodity trading advisors; required disclosure of disqualifications; exemptions for associated persons
§6l Commodity trading advisors and commodity pool operators; Congressional finding
§6m Use of mails or other means or instrumentalities of interstate commerce by commodity trading advisors and commodity pool operators; relation to other law
§6n Registration of commodity trading advisors and commodity pool operators; application; expiration and renewal; record keeping and reports; disclosure; statements of account
§6o Fraud and misrepresentation by commodity trading advisors, commodity pool operators, and associated persons
§6o-1 Transferred
§6p Standards and examinations
§6q Special procedures to encourage and facilitate bona fide hedging by agricultural producers
§6r Reporting and recordkeeping for uncleared swaps
§6s Registration and regulation of swap dealers and major swap participants
§6t Large swap trader reporting
§7 Designation of boards of trade as contract markets
§7a Repealed. Pub. L. 111-203, title VII, § 734(a), July 21, 2010, 124 Stat. 1718
§7a-1 Derivatives clearing organizations
§7a-2 Common provisions applicable to registered entities
§7a-3 Repealed. Pub. L. 111-203, title VII, § 734(a), July 21, 2010, 124 Stat. 1718
§7b Suspension or revocation of designation as registered entity
§7b-1 Designation of securities exchanges and associations as contract markets
§7b-2 Privacy
§7b-3 Swap execution facilities
§8 Application for designation as contract market or derivatives transaction execution facility; time; suspension or revocation of designation; hearing; review by court of appeals
§9 Prohibition regarding manipulation and false information
§9a Assessment of money penalties
§9b Rules prohibiting deceptive and other abusive telemarketing acts or practices
§9c Notice of investigations and enforcement actions
§10 Repealed. June 25, 1948, ch. 646, § 39, 62 Stat. 992, eff. Sept. 1, 1948
§10a Cooperative associations and corporations, exclusion from board of trade; rules of board inapplicable to payment of compensation by association
§11 Vacation on request of designation or registration as "registered entity"; redesignation or reregistration
§12 Public disclosure
§12-1 to 12-3 Omitted
§12a Registration of commodity dealers and associated persons; regulation of registered entities
§12b Trading ban violations; prohibition
§12c Disciplinary actions
§12d Commission action for noncompliance with export sales reporting requirements
§12e Repealed. Pub. L. 106-554, § 1(a)(5) [title I, § 123(a)(21)], Dec. 21, 2000, 114 Stat. 2763, 2763A-410
§13 Violations generally; punishment; costs of prosecution
§13-1 Violations, prohibition against dealings in motion picture box office receipts or onion futures; punishment
§13a Nonenforcement of rules of government or other violations; cease and desist orders; fines and penalties; imprisonment; misdemeanor; separate offenses
§13a-1 Enjoining or restraining violations
§13a-2 Jurisdiction of States
§13b Manipulations or other violations; cease and desist orders against persons other than registered entities; punishment
§13c Responsibility as principal; minor violations
§14 Repealed. Pub. L. 99-641, title I, § 110(5), Nov. 10, 1986, 100 Stat. 3561
§15 Omitted
§15a Repealed. Pub. L. 95-405, § 24, Sept. 30, 1978, 92 Stat. 877
§15b Cotton futures contracts
§16 Commission operations
§16a Service fees and National Futures Association study
§17 Separability
§17a Separability of 1936 amendment
§17b Separability of 1968 amendment
§18 Complaints against registered persons
§19 Consideration of costs and benefits and antitrust laws
§20 Market reports
§21 Registered futures associations
§22 Research and information programs; reports to Congress
§23 Standardized contracts for certain commodities
§24 Customer property with respect to commodity broker debtors; definitions
§24a Swap data repositories
§25 Private rights of action
§26 Commodity whistleblower incentives and protection
§27 Definitions
§27a Exclusion of identified banking product
§27b Repealed. Pub. L. 111-203, title VII, § 725(g)(1)(A), July 21, 2010, 124 Stat. 1694
§27c Exclusion of certain other identified banking products
§27d Administration of the predominance test
§27e Repealed. Pub. L. 111-203, title VII, § 725(g)(1)(A), July 21, 2010, 124 Stat. 1694
§27f Contract enforcement

U.S. Code Popular Name Table

Popular Names

Americans with Disabilities Act 42 U.S.C. § 12101 et seq.

Anti-Kickback Statute 42 U.S.C. § 1320a–7b(b)

Clayton Act 15 U.S.C. § 12 et seq.

Clean Air Act 42 U.S.C. § 7401 et seq.

Commodity Exchange Act 7 U.S.C. § 1

Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) 42 U.S.C. § 9601 et seq.

Controlled Substances Act 21 U.S.C. § 801 et seq.

Emergency Medical Treatment and Labor Act (EMTALA) 42 U.S.C. § 1395dd

Fair Credit Reporting Act 15 U.S.C. § 1681

False Claims Act 31 U.S.C. § 3729 et seq.

Federal Food, Drug, and Cosmetic Act 21 U.S.C. § 301 et seq.

Federal Insecticide, Fungicide, and Rodenticide Act 7 U.S.C. § 136 et seq.

Federal Trade Commission Act 15 U.S.C. § 41 et seq.

Foreign corrupt Practices Act 15 U.S.C. § 78dd-1 et seq.

Fraud Enforcement and Recovery Act of 2009 (FERA) 18 U.S.C. § 27

Health Information Technology for Economic and Clinical Health Act (HITECH) 42 U.S.C. § 300jj et seq., 42 U.S.C. § 17901 et seq.

Health Insurance Portability and Accountability Act of 1996 (HIPAA) 42 U.S.C. § 201

National Environmental Policy Act (NEPA) 42 U.S.C. § 4321 et seq.

Patient Protection and Affordable Care Act 42 U.S.C. § 18001 et seq.

Physician Payments Sunshine Act 42 U.S.C. § 1320a–7h

Public Health Service Act 42 U.S.C. § 201 et seq.

Resource Conservation and Recovery Act (RCRA) 42 U.S.C. § 6901 et seq.

Robinson–Patman Act 15 U.S.C. § 13

Sarbanes-Oxley Act 15 U.S.C. § 7201 et seq.

Securities Act of 1933 15 U.S.C. § 77a et seq.

Sentencing Reform Act of 1984 18 U.S.C. § 3551 et seq.

Sherman Act 15 U.S.C. § 1 et seq.

Social Security Act 42 U.S.C. § 301 et seq.

Stark Law 42 U.S.C. § 1395nn

Toxic Substances Control Act 15 U.S.C. § 2601 et seq.

Fraud and misrepresentation by commodity trading advisors, commodity pool operators, and associated persons

7 U.S. Code § 6o. Fraud and misrepresentation by commodity trading advisors, commodity pool operators, and associated persons

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