7 USC § 12b - Trading ban violations; prohibition

---
identifier: "/us/usc/t7/s12b"
source: "usc"
legal_status: "official_prima_facie"
title: "7 USC § 12b - Trading ban violations; prohibition"
title_number: 7
title_name: "AGRICULTURE"
section_number: "12b"
section_name: "Trading ban violations; prohibition"
chapter_number: 1
chapter_name: "COMMODITY EXCHANGES"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Sept. 21, 1922, ch. 369, § 8b, as added Pub. L. 90–258, § 24, Feb. 19, 1968, 82 Stat. 33; amended Pub. L. 93–463, title I, § 103(a), Oct. 23, 1974, 88 Stat. 1392; Pub. L. 106–554, § 1(a)(5) [title I, § 123(a)(20)], Dec. 21, 2000, 114 Stat. 2763, 2763A–410.)"
---


# § 12b. Trading ban violations; prohibition

It shall be unlawful for any person, against whom there is outstanding any order of the Commission prohibiting him from trading on or subject to the rules of any registered entity, to make or cause to be made in contravention of such order, any contract for future delivery of any commodity, on or subject to the rules of any registered entity.

---

**Source Credit**: (Sept. 21, 1922, ch. 369, § 8b, as added Pub. L. 90–258, § 24, Feb. 19, 1968, 82 Stat. 33; amended Pub. L. 93–463, title I, § 103(a), Oct. 23, 1974, 88 Stat. 1392; Pub. L. 106–554, § 1(a)(5) [title I, § 123(a)(20)], Dec. 21, 2000, 114 Stat. 2763, 2763A–410.)

## Editorial Notes

### Amendments

2000— substituted “registered entity” for “contract market” in two places.

1974— substituted “Commission” for “Secretary of Agriculture”.

## Statutory Notes and Related Subsidiaries

### Effective Date of 1974 Amendment

For effective date of amendment by  see , set out as a note under .

### Effective Date

Section effective 120 days after , see , set out as an Effective Date of 1968 Amendment note under .