§6l — Title 7 Agriculture | U.S. Code

Summary

Declares that the work of commodity trading advisors and commodity pool operators is important to the nation. Their advice, reports, contracts, and solicitations move across state lines by mail and other interstate methods. They steer buying and selling of commodities for future delivery on regulated markets and trading platforms. Their trading happens in large enough amounts to substantially affect those markets. Commodity trading advisors: give trading advice and publish analyses. Commodity pool operators: run pooled investment operations that trade futures and derivatives.

Title 7, §6l

Agriculture — Source: USLM XML via OLRC

It is hereby found that the activities of commodity trading advisors and commodity pool operators are affected with a national public interest in that, among other things—

(1)their advice, counsel, publications, writings, analyses, and reports are furnished and distributed, and their contracts, solicitations, subscriptions, agreements, and other arrangements with clients take place and are negotiated and performed by the use of the mails and other means and instrumentalities of interstate commerce;

(2)their advice, counsel, publications, writings, analyses, and reports customarily relate to and their operations are directed toward and cause the purchase and sale of commodities for future delivery on or subject to the rules of contract markets or derivatives transaction execution facilities; and

(3)the foregoing transactions occur in such volume as to affect substantially transactions on contract markets or derivatives transaction execution facilities.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2000—Pars. (2), (3). Pub. L. 106–554 inserted “or derivatives transaction execution facilities” after “contract markets”.

Statutory Notes and Related Subsidiaries

Effective Date

For

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of section, see section 418 of Pub. L. 93–463, set out as an

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of 1974 Amendment note under section 2 of this title.

§6l Commodity trading advisors and commodity pool operators; Congressional finding

Summary

Title 7, §6l

Notes & Related Subsidiaries

Editorial Notes

Amendments

Statutory Notes and Related Subsidiaries

Effective Date

Effective Date

Effective Date

Citations & Metadata