50. False trading
Feedback & supportLast amended by an amending law of 1995.
No person shall create or cause to be created or do anything that is calculated to create a false or misleading appearance of active trading in a futures contract on a futures market or leveraged foreign exchange trading or a false or misleading appearance with respect to the market for, or the price of trading in, futures contracts on a futures market or leveraged foreign exchange trading.
futures contract
“futures contract” means a contract the effect of which is that —(a)one party agrees to deliver a specified commodity, or a specified quantity of a specified commodity, to another party at a specified future time and at a specified price payable at that time pursuant to terms and conditions set forth in the business rules or practices of a Futures Exchange or a futures market; or(b)the parties will discharge their obligations under the contract by settling the difference between the value of a specified quantity of a specified commodity at the time of the making of the contract and at a specified future time, such difference being determined in accordance with the business rules or practices of the Exchange or futures market at which the contract is made,and includes a futures option transaction;