Futures Industry Investigation: Briefings Before the Subcommittee on Conservation, Credit, and Rural Development of the Committee on Agriculture, U.S. House of Representatives : April 18, 1989, Regulatory Structure and Registration System; May 24, 1989, Audit Trail Reviews; June 21, 1989, Sales Practices; June 28, 1989, Trade Practices

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U.S. Government Printing Office, 1989 - 358 páginas

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Página 116 - A member, in the conduct of his business, shall observe high standards of commercial honor and just and equitable principles of trade.
Página 236 - In upon the floor of the exchange (except when in exchange for cash property " must be executed in the open market in the exchange hall during the hours of regular trading and under no circumstances shall any member, firm, or corporation assume to have executed any of such orders or any portion thereof by acting as agent for both buyer and seller either directly or indirectly, in their own name or that of an employee, broker, or other member of the association: Provided, That on transactions where...
Página 236 - All orders received by any member of this Association, firm or corporation, doing business on Change, to buy or sell for future delivery any of the commodities dealt in upon the Floor of the Exchange (except when in exchange for cash property) must be executed in the open market in the Exchange Hall during the hours of regular trading and under no circumstances shall any member, firm or corporation assume...
Página 248 - No member shall be directly or indirectly interested in or associated in business with, or have his office directly or indirectly connected by public or private wire or other method or contrivance with, or transact any business directly or indirectly with or for...
Página 246 - ... suspended or expelled as the governing committee may determine. In this series of amendments last year we went even further and created a presumption of knowledge in section 3 of article XII of our constitution, which reads as follows: Purchases or sales of securities or offers to purchase or sell securities made for the purpose of upsetting the equilibrium of the market or bringing about a condition in which prices will not fairly reflect market values, are forbidden.
Página 240 - ... by reason of his relationship to such other person, except pursuant to paragraph (c) of this section or at the request of an authorized representative of the Commission or the contract market. (e) Prohibit such member from taking, directly or indirectly, the other side of any order of another person revealed to him by reason of his relationship to such other person, except with such other person's prior consent and in conformity with contract market rules approved by the Commission. (f) Prohibit...
Página 134 - ... handling of their accounts or orders; (5) Investigation of all other alleged or apparent violation of such bylaws, rules, regulations and resolutions; (6) Such other surveillance, record examination and investigation as is necessary to enforce such bylaws, rules, regulations and resolutions; and (7) A procedure which results in the taking of prompt, effective disciplinary action for any violation which is found to have been committed. (b) Each contract market shall keep full, complete, and systematic...
Página 201 - New York Cotton Exchange New York Futures Exchange New York Mercantile Exchange Newsprint Service Bureau Nuclear Exchange Corp.
Página 246 - ... with knowledge of the purpose thereof, or who, with such knowledge, shall be a party to or assist in carrying out any plan or scheme for the making of such purchases or sales or offers to purchase or sell, shall be deemed to be guilty of an act inconsistent with just and equitable principles of trade.
Página 95 - Mr. Chairman, I would like to state that we are very proud of the Coast Guard in Texas, and still hope for a new vessel down there to help patrol in the place of the old one that we have. The CHAIRMAN. Thank you very much. We will recess, subject to the call of the Chair. (Whereupon, at 12 :40 pm, the committee was recessed...

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