Title 7 — AgricultureRelease 119-73
§9b Rules prohibiting deceptive and other abusive telemarketing acts or practices
Title 7 › Chapter CHAPTER 1— - COMMODITY EXCHANGES › § 9b
Summary
Within six months after the FTC’s telemarketing rules take effect, the CFTC must make similar rules (or have each registered futures association make them) to stop misleading or abusive telemarketing by people registered or exempt in futures businesses and by their associates. The CFTC can skip making these rules if it finds existing CFTC rules already give similar protection, or if a new rule is not needed, would not be appropriate for the public, or would conflict with keeping fair and orderly markets.
Full Legal Text
Title 7, §9b
Agriculture — Source: USLM XML via OLRC
(1)Except as provided in paragraph (2), not later than six months after the effective date of rules promulgated by the Federal Trade Commission under section 6102(a) of title 15, the Commission shall promulgate, or require each registered futures association to promulgate, rules substantially similar to such rules to prohibit deceptive and other abusive telemarketing acts or practices by any person registered or exempt from registration under this chapter in connection with such person’s business as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, leverage transaction merchant, floor broker, or floor trader, or a person associated with any such person.
(2)The Commission is not required to promulgate rules under paragraph (1) if it determines that—
(A)rules adopted by the Commission under this chapter provide protection from deceptive and abusive telemarketing by persons described under paragraph (1) substantially similar to that provided by rules promulgated by the Federal Trade Commission under section 6102(a) of title 15; or
(B)such a rule promulgated by the Commission is not necessary or appropriate in the public interest, or for the protection of customers in the futures and options markets, or would be inconsistent with the maintenance of fair and orderly markets.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section is comprised of subsec. (f) of section 6 of act Sept. 21, 1922. Subsecs. (a) and (b) of section 6 are classified to section 8 of this title. Subsec. (c) of section 6 is classified to section 9 of this title. Subsecs. (d), (e), and (g) of section 6 are classified to section 13b, 9a, and 9c of this title, respectively.
Reference
Citations & Metadata
Citation
7 U.S.C. § 9b
Title 7 — Agriculture
Last Updated
Apr 6, 2026
Release point: 119-73