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

Summary

Make rules within six months after the Federal Trade Commission issues its telemarketing rules. The Commodity Futures Trading Commission (CFTC) must create similar rules, or require registered futures associations to create them, to stop deceptive and abusive telemarketing by people who are registered or exempt in futures businesses. It covers roles like futures commission merchants, introducing brokers, commodity trading advisors, commodity pool operators, leverage transaction merchants, floor brokers, floor traders, and their associates. The CFTC does not have to make the rules if it finds either that its current rules already give similar protection or that new rules are not needed, not appropriate for the public, or would hurt fair and orderly markets. If the CFTC decides not to make the rules, it must publish that decision and the reasons in the Federal Register.