Laws: Cases and Codes : U.S. Code : Title 7 : Section 6g


   
U.S. Code as of: 01/03/05
Section 6g. Reporting and recordkeeping

    (a) In general
      Every person registered hereunder as futures commission merchant,
    introducing broker, floor broker, or floor trader shall make such
    reports as are required by the Commission regarding the
    transactions and positions of such person, and the transactions and
    positions of the customer thereof, in commodities for future
    delivery on any board of trade in the United States or elsewhere;
    shall keep books and records pertaining to such transactions and
    positions in such form and manner and for such period as may be
    required by the Commission; and shall keep such books and records
    open to inspection by any representative of the Commission or the
    United States Department of Justice.
    (b) Daily trading records: registered entities
      Every registered entity shall maintain daily trading records. The
    daily trading records shall include such information as the
    Commission shall prescribe by rule.
    (c) Daily trading records: floor brokers, introducing brokers, and
      futures commission merchants
      Floor brokers, introducing brokers, and futures commission
    merchants shall maintain daily trading records for each customer in
    such manner and form as to be identifiable with the trades referred
    to in subsection (b) of this section.
    (d) Daily trading records: form and reports
      Daily trading records shall be maintained in a form suitable to
    the Commission for such period as may be required by the
    Commission. Reports shall be made from the records maintained at
    such times and at such places and in such form as the Commission
    may prescribe by rule, order, or regulation in order to protect the
    public interest and the interest of persons trading in commodity
    futures.
    (e) Disclosure of information
      Before the beginning of trading each day, the exchange shall,
    insofar as is practicable and under terms and conditions specified
    by the Commission, make public the volume of trading on each type
    of contract for the previous day and such other information as the
    Commission deems necessary in the public interest and prescribes by
    rule, order, or regulation.
    (f) Authority of Commission to make separate determinations
      unimpaired
      Nothing contained in this section shall be construed to prohibit
    the Commission from making separate determinations for different
    registered entities when such determinations are warranted in the
    judgment of the Commission.



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