7 U.S.C. § 12B
Section 12b · Trading ban violations; prohibition
Amended 4 times on record
Applied in 1 court decisions — leading case Brenner v. Commodity Futures Trading Commission (2003)
Most recently applied in Brenner v. Commodity Futures Trading Commission (July 2003)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
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.
Editorial notes U.S. Code · Office of the Law Revision Counsel
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”.
Effective Date of 1974 Amendment
For 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.