Page:United States Statutes at Large Volume 106 Part 4.djvu/854

 106 STAT. 3590 PUBLIC LAW 102-546—OCT. 28, 1992 Public Law 102-546 102d Congress Oct. 28, 1992 [H.R. 707] Futures Trading Practices Act of 1992. Securities. 7 USC 1 note. An Act To amend the Commodity Exchange Act to improve the regulation of futures and options traded under rules and regulations of the Commodity Futures Trading Commission; to establish registration standards for all exchange floor traders; to restrict practices which may lead to the abuse of outside customers of the marketplace; to reinforce development of exchange audit trails to better enable the detection and prevention of such practices; to establish higher standards for service on governing boards and disciplinary committees of self-regulatory organizations; to enhance the international regulation of futures trading; to regularize the process of authorizing appropriations for the Commodity Futures Trading Commission; and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) SHORT TITLE.—T his Act may be cited as the "Futures Trading Practices Act of 1992". (b) TABLE OF CONTENTS.— The table of contents is as follows: TABLE OF CONTENTS Sec. 1. Short title; table of contents. Sec. 2. References to the Commodity Exchange Act. TITLE I—LIMITATIONS ON CERTAIN TRADING PRACTICES Sec. 101. Dual trading. Sec. 102. Restrictions on trading among members of broker associations. Sec. 103. Broker association disclosure. TITLE II—ENHANCEMENT OF REGULATORY AND ENFORCEMENT ACTIVITIES Sec. 201. Duties of contract markets; audit trails. Sec. 202. Commission oversight; deficiency orders. Sec. 203. Oral Orders. Sec. 204. Telemarketing fraud. Sec. 205. Undercover operations and enforcement. Sec. 206. Self regulatory organization disciplinary committees and governing boards. Sec. 207. Required registration of floor traders. Sec. 208. Enhancement of registration requirements. Sec. 209. Enforcement of civil money penalties. Sec. 210. Ethics training for registrants. Sec. 211. Nationwide service of process and venue. Sec. 212. Increased penalties. Sec. 213. Contract market emergency actions. Sec. 214. Prohibition against insider trading. Sec. 215. Qualifications of Commissioners. Sec. 216. Commission operations. Sec. 217. Prohibition on voting by interested members. Sec. 218. Study of assessments on transactions. Sec. 219. Competitiveness study. Sec. 220. Computerized futures trading. Sec. 221. Money penalties in civil court actions. Sec. 222. Civil damages; liability of futures commission merchants. Sec. 223. Customer restitution. Sec. 224. Complaints against registered persons; class action suits. Sec. 225. Penalties study and guidelines. Sec. 226. Publication of Commission opinions.

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