Commodities exchange act pdf practice

Test questions minutes per test english 75 45 mathematics 60 60 reading 40 35. In re liborbased financial instruments antitrust litigation, f. Commodity exchange act is a federal act passed in 1936 by the u. National wool act of 1954 agricultural fair practices act of 1967 farm credit act of 1971. This chapter may be cited as the commodity exchange act. Rules prohibiting deceptive and other abusive telemarketing acts or practices 9c. Standard of practice, disclosures, confidentiality etc. The cea establishes the statutory framework under which the cftc operates. Rules relating to suspension or disbarment from appearance and practice. Get an answer for what were the goals and functions of the commodity exchange act of 1936, and how did its enactment affect the economy. Government that provides federal regulation of all futures trading activities. Under this act, the cftc has authority to establish regulations. Overview of the act the act consists of four multiplechoice testsin english, mathematics, reading, and sciencewith an optional writing test. Also commodity exchange is not a well known practice and this.

Overthecounter derivatives markets and the commodity. The commodity exchange act cea regulates the trading of commodity futures in the united states. Registration of commodity trading advisors and commodity pool operators. The laws authorizing cftcs activities and the regulations issued by cftc to carry out those activities, as well as related rulemaking, enforcement, and adjudicatory references. It is designed to prevent and remove obstructions on the interstate commerce in commodities by regulating transactions on commodity futures exchanges. Passed in 1936, it has been amended several times since then. Protection of investors against market manipulation. Department of justice and the enforcement division of the u. Fraud and misrepresentation by commodity trading advisors, commodity pool operators, and associated persons 6o1.

The commodity exchange act cea provides federal regulation of all futures trading activities. Nothing in this section shall be construed to prevent the exchange of futures in connection with cash commodity transactions or of futures for cash commodities, or of transfer trades or office trades if made in accordance with board of trade rules applying to such transactions and such rules shall have been approved by the commission. Commodity exchange is regulated by the commodity exchange act 2015 in tanzania. Under the futures trading practices act of 1992, congress gave. Interpretive guidance and policy statement on disruptive practices. The policing of abusive and fraudulent trade practices. Rules prohibiting deceptive and other abusive telemarketing acts or practices. The guide has been prepared by the staff of the criminal division of the u. A commodities exchange is an legal entity that determines and enforces rules and procedures for the trading standardized commodity contracts. The numbers in brackets refer to section numbers in title 7, united states code. To amend the grain futures act to prevent and remove obstructions and bur dens upon. Under this act, the cftc has authority to establish regulations that are published in title 17 of the code. Some colleges and universities require or accept act writing scores, so you may consider taking the writing section of the act.