§ 13c. Responsibility as principal; minor violations
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/usc/title-7/section-13cA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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 chapter, or any of the rules, regulations, or orders issued pursuant to this chapter, 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 chapter 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 chapter or any of the rules, regulations, or orders issued pursuant to this chapter 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 chapter shall be construed as requiring the Commission or the Commission 1 to report minor violations of this chapter for prosecution, whenever it appears that the public interest does not require such action.
(Sept. 21, 1922, ch. 369, § 13, as added Pub. L. 90–258, § 26, Feb. 19, 1968, 82 Stat. 34; amended Pub. L. 93–463, title I, § 103(a), (b), Oct. 23, 1974, 88 Stat. 1392; Pub. L. 97–444, title II, § 230, Jan. 11, 1983, 96 Stat. 2319; Pub. L. 102–546, title IV, § 402(1)(D), (9)(C), Oct. 28, 1992, 106 Stat. 3624, 3625.)
Connections21 cite this · traces to 1
Cited by 21 sections · top 19
statutes-at-large
- Public Law 102–546To amend the Commodity Exchange Act to improve the regulation of futures and options traded under rules and regulations of the Commodity Futures Trading Commission; to establish registration standards for all exchange floor traders; to restrict practices which may lead to the abuse of outside custom
- Public Law 97–444To extend the Commodity Exchange Act, and for other purposes.s Jan. 11, 1983 [[H
statute-compilations
register
bill
- Sec. 409Elimination of obsolete reference to the Commodity Exchange Commission
- Sec. 409Elimination of obsolete reference to the Commodity Exchange Commission
- Sec. 409Elimination of obsolete reference to the Commodity Exchange Commission
- Sec. 409Elimination of obsolete reference to the Commodity Exchange Commission
- Sec. 415Elimination of duplicative reference to Commission
- Sec. 409Elimination of obsolete reference to the Commodity Exchange Commission
- Sec. 409Elimination of obsolete reference to the Commodity Exchange Commission
- Sec. 409Elimination of obsolete reference to the Commodity Exchange Commission
- Sec. 117Aiding and abetting
- Sec. 209Elimination of obsolete reference to the Commodity Exchange Commission
- Sec. 117Aiding and abetting
- Sec. 208Elimination of obsolete reference to the Commodity Exchange Commission
- Sec. 117Aiding and abetting
- Sec. 208Elimination of obsolete reference to the Commodity Exchange Commission
20 references not yet in our index
- 1
- Sept. 21, 1922, ch. 369, § 13
- Pub. L. 90–258, § 26
- 82 Stat. 34
- Pub. L. 93–463, title I, § 103(a)
- 88 Stat. 1392
- Pub. L. 97–444, title II, § 230
- 96 Stat. 2319
- Pub. L. 102–546, title IV, § 402(1)(D)
- 106 Stat. 3624
- Pub. L. 102–546, § 402(9)(C)
- Pub. L. 93–463, § 103(a)
- Pub. L. 102–546, § 402(1)(D)
- Pub. L. 97–444, § 230(1)
- Pub. L. 97–444, § 230(2)
- Pub. L. 97–444
- section 239 of Pub. L. 97–444
- Pub. L. 93–463
- section 418 of Pub. L. 93–463
- section 28 of Pub. L. 90–258
Citation graph
cites case law
§ 13c
Responsibility as principal; minor violations
Bills×14
Stat.×4
Fed. Reg.×1
Stat. Comp.×1
U.S.C.×1
Cite1
ActSept. 21, 1922, ch. 369, § 13
Pub. L.Pub. L. 90–258, § 26
Stat.82 Stat. 34
Pub. L.Pub. L. 93–463, title I, § 103(a)
Cites 21 · showing 6Cited by 21 across 5 sources