Title 7 — AgricultureRelease 119-73not60
§12b Trading Ban Violations; Prohibition
Title 7 › Chapter 1— COMMODITY EXCHANGES › § 12b
Summary
Must not enter into futures contracts on a registered exchange if the Commission has ordered you not to trade there.
Full Legal Text
Title 7, §12b
Agriculture — Source: USLM XML via OLRC
It shall be unlawful for any person, against whom there is outstanding any order of the Commission prohibiting him from trading on or subject to the rules of any registered entity, to make or cause to be made in contravention of such order, any contract for future delivery of any commodity, on or subject to the rules of any registered entity.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2000—Pub. L. 106–554 substituted “registered entity” for “contract market” in two places. 1974—Pub. L. 93–463 substituted “Commission” for “Secretary of Agriculture”.
Statutory Notes and Related Subsidiaries
Effective Date
of 1974 AmendmentFor
Effective Date
of amendment by Pub. L. 93–463 see section 418 of Pub. L. 93–463, set out as a note under section 2 of this title.
Effective Date
Section effective 120 days after Feb. 19, 1968, see section 28 of Pub. L. 90–258, set out as an
Effective Date
of 1968 Amendment note under section 2 of this title.
Reference
Citations & Metadata
Citation
7 U.S.C. § 12b
Title 7 — Agriculture
Last Updated
Apr 3, 2026
Release point: 119-73not60