Title 7, AgricultureRelease 119-110
§6g Reporting and Recordkeeping
Title 7 › CHAPTER 1 — COMMODITY EXCHANGES › § 6g
Summary
People and firms registered as futures commission merchants, introducing brokers, floor brokers, or floor traders must report their trades and positions to the Commission. They must also report their customers’ trades and positions in futures, in electronic contracts that help set prices, and in any contracts a clearing organization treats as the same (whether or not that clearing group is registered). They must keep books and records about those trades in the form and for the time the Commission requires, and let inspectors from the Commission or the Department of Justice look at them. All registered entities must keep daily trading records with the information the Commission says. Floor brokers, introducing brokers, and futures commission merchants must keep daily records tied to each customer so each trade can be identified. Reports from those records must be made when, where, and how the Commission orders to protect the public and traders. Exchanges should, as practical and under Commission rules, publish before trading each day the prior day’s volume by contract type and any other information the Commission requires. The Commission can set different rules for different kinds of registrants when it decides that is needed.
Full Legal Text
Title 7, §6g
Agriculture, Source: USLM XML via OLRC
(a)In general
Every person registered hereunder as futures commission merchant, introducing broker, floor broker, or floor trader shall make such reports as are required by the Commission regarding the transactions and positions of such person, and the transactions and positions of the customer thereof, in commodities for future delivery on any board of trade in the United States or elsewhere, and in any significant price discovery contract traded or executed on an electronic trading facility or any agreement, contract, or transaction that is treated by a derivatives clearing organization, whether registered or not registered, as fungible with a significant price discovery contract; shall keep books and records pertaining to such transactions and positions in such form and manner and for such period as may be required by the Commission; and shall keep such books and records open to inspection by any representative of the Commission or the United States Department of Justice.
(b)Daily trading records: registered entities
Every registered entity shall maintain daily trading records. The daily trading records shall include such information as the Commission shall prescribe by rule.
(c)Daily trading records: floor brokers, introducing brokers, and futures commission merchants
Floor brokers, introducing brokers, and futures commission merchants shall maintain daily trading records for each customer in such manner and form as to be identifiable with the trades referred to in subsection (b).
(d)Daily trading records: form and reports
Daily trading records shall be maintained in a form suitable to the Commission for such period as may be required by the Commission. Reports shall be made from the records maintained at such times and at such places and in such form as the Commission may prescribe by rule, order, or regulation in order to protect the public interest and the interest of persons trading in commodity futures.
(e)Disclosure of information
Before the beginning of trading each day, the exchange shall, insofar as is practicable and under terms and conditions specified by the Commission, make public the volume of trading on each type of contract for the previous day and such other information as the Commission deems necessary in the public interest and prescribes by rule, order, or regulation.
(f)Authority of Commission to make separate determinations unimpaired
Nothing contained in this section shall be construed to prohibit the Commission from making separate determinations for different registered entities when such determinations are warranted in the judgment of the Commission.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Pub. L. 110–234 and Pub. L. 110–246 made identical
Amendments
to this section. The
Amendments
by Pub. L. 110–234 were repealed by section 4(a) of Pub. L. 110–246.
Amendments
2008—Subsec. (a). Pub. L. 110–246, § 13202(a), inserted “, and in any significant price discovery contract traded or executed on an electronic trading facility or any agreement, contract, or transaction that is treated by a derivatives clearing organization, whether registered or not registered, as fungible with a significant price discovery contract” after “elsewhere”. 2000—Subsec. (b). Pub. L. 106–554, § 1(a)(5) [title I, § 123(a)(7)(A)], substituted “registered entity” for “clearinghouse and contract market”. Subsec. (f). Pub. L. 106–554, § 1(a)(5) [title I, § 123(a)(7)(B)], substituted “registered entities” for “clearinghouses, contract markets, and exchanges”. 1992—Subsec. (a). Pub. L. 102–546, §§ 207(b)(1), 402(5)(A), redesignated par. (1) as subsec. (a) and substituted “floor broker, or floor trader” for “or floor broker”. Subsec. (b). Pub. L. 102–546, § 402(5)(A), redesignated par. (2) as subsec. (b). Subsec. (c). Pub. L. 102–546, § 402(5), redesignated par. (3) as subsec. (c) and substituted “subsection (b)” for “paragraph (2)”. Subsecs. (d) to (f). Pub. L. 102–546, § 402(5)(A), redesignated pars. (4) to (6) as subsecs. (d) to (f), respectively. 1983—Par. (1). Pub. L. 97–444, § 209(1), made reporting and recordkeeping requirements applicable to introducing brokers. Par. (2). Pub. L. 97–444, § 209(2), made customer daily trading records requirement applicable to introducing brokers. 1978—Par. (3). Pub. L. 95–405 substituted “Floor brokers” for “Brokers”. 1974—Par. (1). Pub. L. 93–463, §§ 103(a), (f), 415, designated existing provisions as par. (1) and substituted “Commission” for “Secretary of Agriculture” and “United States Department of Agriculture”. Pars. (2) to (6). Pub. L. 93–463, § 415, added pars. (2) to (6). 1968—Pub. L. 90–258 rephrased existing provisions to express reporting and recordkeeping requirements as a positive obligation of futures commission merchants and floor brokers, rather than as a ground for revoking or suspending registration and struck out provisions for revocation or suspension of registration. See section 9 of this title.
Statutory Notes and Related Subsidiaries
Effective Date
of 2008 AmendmentAmendment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, except as otherwise provided, see section 4 of Pub. L. 110–246, set out as an
Effective Date
note under section 8701 of this title. Amendment by section 13202(a) of Pub. L. 110–246 effective June 18, 2008, see section 13204(a) of Pub. L. 110–246, set out as a note under section 2 of this title.
Effective Date
of 1992 AmendmentAmendment by section 207(b)(1) of Pub. L. 102–546 effective 180 days after Oct. 28, 1992, with Commodity Futures Trading Commission to issue any
Regulations
necessary to implement such amendment no later than 180 days after Oct. 28, 1992, see section 207(c) of Pub. L. 102–546, set out as a note under section 6e of this title.
Effective Date
of 1983 AmendmentAmendment by Pub. L. 97–444 effective Jan. 11, 1983, see section 239 of Pub. L. 97–444, set out as a note under section 2 of this title.
Effective Date
of 1978 AmendmentAmendment by Pub. L. 95–405 effective Oct. 1, 1978, see section 28 of Pub. L. 95–405, set out as a note under section 2 of this title.
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
of 1968 AmendmentAmendment by Pub. L. 90–258 effective 120 days after Feb. 19, 1968, see section 28 of Pub. L. 90–258, set out as a note under section 2 of this title.
Effective Date
For
Effective Date
of section, see section 13 of act June 15, 1936, set out as an
Effective Date
of 1936 Amendment note under section 1 of this title.
Reference
Citations & Metadata
Citation
7 U.S.C. § 6g
Title 7, Agriculture
Last Updated
Sep 22, 2026
Release point: 119-110