Federal · Title 7 — Agriculture

7 U.S.C. § 6e: Dealings by unregistered floor trader or broker prohibited

Misdemeanor

What this law says, in plain English

It is unlawful for anyone to act as a floor trader or broker executing commodity futures trades or orders unless they are registered with the Commission and their registration is current and not suspended or revoked.

Read the full statutory text

It shall be unlawful for any person to act as floor trader in executing purchases and sales, or as floor broker in executing any orders for the purchase or sale, of any commodity for future delivery, or involving any contracts of sale of any commodity for future delivery, on or subject to the rules of any contract market or derivatives transaction execution facility unless such person shall have registered, under this chapter, with the Commission as such floor trader or floor broker and such registration shall not have expired nor been suspended nor revoked.

Verify at the official source: Federal legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.