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Code · STATUTE-COMPILATIONS · Commodity Exchange Act · Sec. 13

Sec. 13. **[**RESPONSIBILITY OF PRINCIPAL**]**

248 words·~1 min read·/statute-compilations/comps-10309/sec-13

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## Sec. 13 **[**RESPONSIBILITY OF PRINCIPAL**]** **[**[7 U.S.C. 13c](/us/usc/t7/s13c)**]** ###
(a)Any person who commits, or who willfully aids, abets, counsels, commands, induces, or procures the commission of, a violation of any of the provisions of this Act, or any of the rules, regulations, or orders issued pursuant to this Act, or who acts in combination or concert with any other person in any such violation, or who willfully causes an act to be done or omitted which if directly performed or omitted by him or another would be a violation of the provisions of this Act or any of such rules, regulations, or orders may be held responsible for such violation as a principal. ###
(b)Any person who, directly or indirectly, controls any person who has violated any provision of this Act or any of the rules, regulations, or orders issued pursuant to this Act may be held liable for such violation in any action brought by the Commission to the same extent as such controlled person. In such action, the Commission has the burden of proving that the controlling person did not act in good faith or knowingly induced, directly or indirectly, the act or acts constituting the violation. ###
(c)Nothing in this Act shall be construed as requiring the Commission or the Commission37 to report minor violations of this Act for prosecution, whenever it appears that the public interest does not require such action. 37So in original. Probably should strike “or the Commission”.
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Sec. 13
**[**RESPONSIBILITY OF PRINCIPAL**]**
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