Page:United States Statutes at Large Volume 106 Part 4.djvu/873

 PUBLIC LAW 102-546—OCT. 28, 1992 106 STAT. 3609 or entry to a contract market, board of trade, or futures association designated or registered under this Act acting in furtherance of its official duties under this Act. "(5) Any person willfully to violate any other provision of this Act, or any rule or regulation thereunder, the violation of which is made unlawful or the observance of which is required under the terms of this Act, but no person shall be subject to imprisonment under this paragraph for the violation of any rule or regulation if such person proves that he had no knowledge of such rule or regulation. "(b) Any person convicted of a felonjr under this section shall be suspended from registration under this Act and shall be denied registration or reregistration for five years or such longer period as the Commission may determine, and barred from using, or participating in any manner in, any market regulated by the Commission for five years or such longer period as the Commission shall determine, on such terms and conditions as the Commission may prescribe, unless the Commission determines that the imposition of such suspension, denial of registration or reregistration, or market bar is not required to protect the public interest. The Commission may upon petition later review such disqualification and market bar and for good cause shown reduce the period thereof."; (2) in subsection (c) (as redesignated by paragraph (1) of this section) by striking "$100,000" and inserting "$500,000"; and (3) in subsection (d) (as redesignated by paragraph (1) of this section) by striking "$100,000" and inserting "$500,000". (b) OTHER VIOLATIONS.— Section 6(c) and 6(d) (7 U.S.C. 9 and 13b), as such subsections are redesignated by section 209, are each amended by striking "$100,000" each place it appears and inserting "the higher of $100,000 or triple the monetary gain to such person". (c) NONENFORCEMENT OF RULES OF GOVERNMENT OR OTHER VIOLATIONS.— Section 6b (7 U.S.C. 13a) is amended— (1) by striking "$100,000" each place it appears and inserting "$500,000 "; and (2) in the last sentence, by striking "the appropriateness of such penalty to the net worth of the offending person and". SEC. 213. CONTRACT MARKET EMERGENCY ACTIONS. (a) PRIOR COMMISSION NOTIFICATION REQUIRED.—Section 5a(a)(12) (7 U.S.C. 7a(12)), as redesignated by section 201, is amended— (1) by striking "(12) except" and inserting "(12XA) except"; and (2) by striking the last two sentences of paragraph (12XA) as so redesignated, and inserting the following: "(B)(i) The Commission shall issue regulations to specify the terms and conditions under which, in an emergency as defined by the Commission, a contract market may, by a twothirds vote of its governing board, make a rule (hereinafter referred to as an 'emergency rule') effective on a temporary basis without prior Commission approval, or without compliance with the ten-day notice requirement under subparagraph (A), or during any period of review by the Commission, if the contract market makes every effort practicable to notify

�