Case: 25-7516, 01/23/2026, DktEntry: 33.1, Page 96 of 110
a commodity for future delivery (other than a contract which is made on or subject to the rules of a board of trade, exchange, or market located outside the United States, its territories or possessions) unless— (1) such transaction is conducted on or subject to the rules of a board of trade which has been designated or registered by the Commission as a contract market or derivatives transaction execution facility for such commodity; (2) such contract is executed or consummated by or through a contract market; and (3) such contract is evidenced by a record in writing which shows the date, the parties to such contract and their addresses, the property cov- ered and its price, and the terms of delivery: Provided , That each con- tract market or derivatives transaction execution facility member shall keep such record for a period of three years from the date thereof, or for a longer period if the Commission shall so direct, which record shall at all times be open to the inspection of any representative of the Commis- sion or the Department of Justice. * * * * *
4.
7 U.S.C. § 6c provides, in relevant part:
Prohibited transactions
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(b) Regulated option trading No person shall offer to enter into, enter into or confirm the execution of, any transaction involving any commodity regulated under this chapter which is of the character of, or is commonly known to the trade as, an “op- tion”, “privilege”, “indemnity”, “bid”, “offer”, “put”, “call”, “advance guar- anty”, or “decline guaranty”, contrary to any rule, regulation, or order of the Commission prohibiting any such transaction or allowing any such transac- tion under such terms and conditions as the Commission shall prescribe.
6a
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