18 U.S. Code § 1348 - Securities and commodities fraud

§ 1348.
Securities and commodities fraud
Whoever knowingly executes, or attempts to execute, a scheme or artifice—
(1)
to defraud any person in connection with any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78
l
) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78
o
(d)); or
(2)
to obtain, by means of false or fraudulent pretenses, representations, or promises, any money or property in connection with the purchase or sale of any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78
l
) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78
o
(d));
shall be fined under this title, or imprisoned not more than 25 years, or both.
Amendments

2009—Pub. L. 111–21, § 2(e)(1)(A), inserted “and commodities” before “fraud” in section catchline.

Pars. (1), (2). Pub. L. 111–21, § 2(e)(1)(B), (C), inserted “any commodity for future delivery, or any option on a commodity for future delivery, or” before “any security”.

 

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