§9b Rules Prohibiting Deceptive and Other Abusive Telemarketing Acts or Practices

Summary

Within six months after the Federal Trade Commission’s telemarketing rules under section 6102(a) of title 15 take effect, the Commission must make, or require each registered futures association to make, rules that are very similar to the FTC rules. The rules must stop deceptive and abusive telemarketing by people who are registered or exempt under this law when they act as futures industry professionals (for example, futures commission merchants, introducing brokers, commodity trading advisors, commodity pool operators, leverage transaction merchants, floor brokers or floor traders) or by people who work with them. The Commission does not have to issue those rules if it finds either that its current rules already give similar protection, or that making the rule is not needed or appropriate for the public interest or customer protection, or would conflict with keeping fair and orderly markets.