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18 U.S.C. § 1348Securities and commodities fraud

submitted 24 years ago by Pub. L. 107-204 to r/title-18-CRIMES-AND-CRIMINAL-PROCEDURE · 190 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

Whoever knowingly executes, or attempts to execute, a scheme or artifice—

(1)

to defraud any person in connection with any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(d)); or

(2)

to obtain, by means of false or fraudulent pretenses, representations, or promises, any money or property in connection with the purchase or sale of any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(d));

shall be fined under this title, or imprisoned not more than 25 years, or both.

Source credit: (Added Pub. L. 107–204, title VIII, § 807(a), July 30, 2002, 116 Stat. 804; amended Pub. L. 111–21, § 2(e)(1), May 20, 2009, 123 Stat. 1618.)

history & why it existsrecord from the source credit
  • 2002Enacted · Pub. L. 107-204 · 116 Stat. 804
  • 2009Amended · Pub. L. 111-21 · 123 Stat. 1618

A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-204 on 2002-07-30.

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