7 U.S.C. § 6L
Section 6l · Commodity trading advisors and commodity pool operators; Congressional finding
Amended 3 times on record
Applied in 1 court decisions — leading case Commodity Trend Service, Inc. v. Commodity Futures Trading Commission (2000)
Most recently applied in Commodity Trend Service, Inc. v. Commodity Futures Trading Commission (November 2000)
It is hereby found that the activities of commodity trading advisors and commodity pool operators are affected with a national public interest in that, among other things—
(1) their advice, counsel, publications, writings, analyses, and reports are furnished and distributed, and their contracts, solicitations, subscriptions, agreements, and other arrangements with clients take place and are negotiated and performed by the use of the mails and other means and instrumentalities of interstate commerce;
(2) their advice, counsel, publications, writings, analyses, and reports customarily relate to and their operations are directed toward and cause the purchase and sale of commodities for future delivery on or subject to the rules of contract markets or derivatives transaction execution facilities; and
(3) the foregoing transactions occur in such volume as to affect substantially transactions on contract markets or derivatives transaction execution facilities.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Amendments
2000—Pars. (2), (3). Pub. L. 106–554 inserted “or derivatives transaction execution facilities” after “contract markets”.
Effective Date
For effective date of section, see section 418 of Pub. L. 93–463, set out as an Effective Date of 1974 Amendment note under section 2 of this title.