§ 170.6. Disciplinary proceedings (sections 17(b)(8) and (b)(9) of the Act).
128 words·~1 min read·
/us/cfr/t17/s§ 170.6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A futures association must provide a fair and orderly procedure with respect to disciplinary actions brought against association members or persons associated with members. These rules governing such disciplinary actions shall contain, at a minimum, the procedural safeguards contained in section 17(b)(9) of the Act. In addition, an association, in disciplining its members should demonstrate that it will:
(a)Take vigorous action against those who engage in activities in violation of association rules;
(b)Conduct proceedings in a manner consistent with the fundamental elements of due process; and
(c)Impose discipline which is fair and has a reasonable basis in fact. (Approved by the Office of Management and Budget under control number 3038-0022) \[44 FR 20651, Apr. 6, 1979, as amended at 46 FR 63036, Dec. 30, 1981\]
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§ 170.6
Disciplinary proceedings (sections 17(b)(8) and (b)(9) of the Act).
Fed. Reg.×1
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