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U.S. Code as of:
01/03/05
Section 6o. Fraud and misrepresentation by commodity trading advisors, commodity pool operators, and associated persons
(1) It shall be unlawful for a commodity trading advisor,
associated person of a commodity trading advisor, commodity pool
operator, or associated person of a commodity pool operator, by use
of the mails or any means or instrumentality of interstate
commerce, directly or indirectly -
(A) to employ any device, scheme, or artifice to defraud any
client or participant or prospective client or participant; or
(B) to engage in any transaction, practice, or course of
business which operates as a fraud or deceit upon any client or
participant or prospective client or participant.
(2) It shall be unlawful for any commodity trading advisor,
associated person of a commodity trading advisor, commodity pool
operator, or associated person of a commodity pool operator
registered under this chapter to represent or imply in any manner
whatsoever that such person has been sponsored, recommended, or
approved, or that such person's abilities or qualifications have in
any respect been passed upon, by the United States or any agency or
officer thereof. This section shall not be construed to prohibit a
statement that a person is registered under this chapter as a
commodity trading advisor, associated person of a commodity trading
advisor, commodity pool operator, or associated person of a
commodity pool operator, if such statement is true in fact and if
the effect of such registration is not misrepresented.
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