7 U.S. Code § -

(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.
(2) It shall be unlawful for any commodity trading advisor, associated person of a commodity trading advisor, commodity pool operator, or associated person of a commodity pool operator registered under this chapter to represent or imply in any manner whatsoever that such person has been sponsored, recommended, or approved, or that such person’s abilities or qualifications have in any respect been passed upon, by the United States or any agency or officer thereof. This section shall not be construed to prohibit a statement that a person is registered under this chapter as a commodity trading advisor, associated person of a commodity trading advisor, commodity pool operator, or associated person of a commodity pool operator, if such statement is true in fact and if the effect of such registration is not misrepresented.

Source

(Sept. 21, 1922, ch. 369, § 4o, as added Pub. L. 93–463, title II, § 205(a),Oct. 23, 1974, 88 Stat. 1399; amended Pub. L. 95–405, § 10,Sept. 30, 1978, 92 Stat. 870; Pub. L. 97–444, title II, § 214,Jan. 11, 1983, 96 Stat. 2305.)
Amendments

1983—Par. (1). Pub. L. 97–444made the antifraud prohibition applicable to an associated person of a commodity trading advisor or a commodity pool operator.
Par. (2). Pub. L. 97–444made the misrepresentation prohibition applicable to an associated person of a commodity training advisor or a commodity pool operator, authorized registration statements of such persons, and substituted “such person” and “such person’s abilities” for “he” before “has been sponsored” and “his abilities”, respectively.
1978—Par. (1). Pub. L. 95–405struck out “registered under this chapter” after “pool operator”.
Effective Date of 1983 Amendment

Amendment by Pub. L. 97–444effective Jan. 11, 1983, see section 239 ofPub. L. 97–444, set out as a note under section 2 of this title.
Effective Date of 1978 Amendment

Amendment by Pub. L. 95–405effective Oct. 1, 1978, see section 28 ofPub. L. 95–405, set out as a note under section 2 of this title.
Effective Date

For effective date of section, see section 418 ofPub. L. 93–463, set out as an Effective Date of 1974 Amendment note under section 2 of this title.

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


17 CFR - Commodity and Securities Exchanges

17 CFR Part 1 - GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT

17 CFR Part 3 - REGISTRATION

17 CFR Part 4 - COMMODITY POOL OPERATORS AND COMMODITY TRADING ADVISORS

17 CFR Part 5 - OFF-EXCHANGE FOREIGN CURRENCY TRANSACTIONS

17 CFR Part 33 - REGULATION OF COMMODITY OPTION TRANSACTIONS THAT ARE OPTIONS ON CONTRACTS OF SALE OF A COMMODITY FOR FUTURE DELIVERY

17 CFR Part 166 - CUSTOMER PROTECTION RULES

 

LII has no control over and does not endorse any external Internet site that contains links to or references LII.