[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR31.19]

[Page 376]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 31_LEVERAGE TRANSACTIONS--Table of Contents
 
Sec.  31.19  Unlawful representations.

    It shall be unlawful for any person:
    (a) Required to be registered with the Commission in accordance with 
Sec. Sec. 3.17 and 3.18 of this chapter expressly or impliedly to 
represent that the commission, by registering that person or by 
registering the leverage commodity which underlies contracts offered for 
sale or purchase, or sold or purchased by that person, or otherwise, has 
directly or indirectly approved that person, the person's method of 
operation, or any leverage commodity or leverage contract solicited or 
accepted by that person;
    (b) To represent in writing that it is registered with the 
Commission or that it is offering any leverage commodity registered with 
the Commission without also stating in writing in connection with that 
representation that the Commission, by registering that person or the 
leverage commodity which underlies contracts offered for sale or 
purchase or sold or purchased by that person, has not directly or 
indirectly approved the person, the person's method of operation, or any 
leverage commodity or contract solicited or accepted by that person; or
    (c) In or in connection with an offer to enter into, the entry into, 
the confirmation of the execution of, or the maintenance of any leverage 
contract, expressly or impliedly to represent that compliance with the 
provisions of the Act and these regulations constitutes a guarantee of 
the fulfillment of the leverage contract.

(Secs. 8a(5) and 19 of the Commodity Exchange Act, as amended, 7 U.S.C. 
12a(5) and 23 (1982))

[49 FR 5540, Feb. 13, 1984, as amended at 50 FR 34, Jan. 2, 1985]