7 U.S.C. § 7
ASSESSMENT AND REPORT TO CONGRESS.
Notes of Decisions
Cited in 85
cases (6 in the last 5 years), 1932–2026 · leading case: Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Curran, 456 U.S. 353 (1982).
Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Curran, 456 U.S. 353 (1982). “1000 , codified as amended, 7 U. S. C. § 7 (c). [16] § 5(d) of the CEA, 42 Stat.”
Commodity Futures Trading Comm'n v. Co Petro Mktg. Grp., Inc., a California Corp. Harold D. Goldstein & Michael Bradley Krivacek, 680 F.2d 573 (9th Cir. 1982). “In order to qualify for designation as a contract market, a board of trade must meet rigid requirements including a demonstration that futures trading in the commodity for which designation as a contract market is sought will not be contrary to the public interest.”
Strax v. Commodity Exch., Inc., 524 F. Supp. 936 (S.D.N.Y. 1981). “In Leist , the court held that a private right of action was created by certain sections of the CEA, including sections 5(d) and 5a(8), 7 U.S.C. §§ 7 (d), 7a(8). Id. at 322 . These sections provide: “The Commission [CFTC] is hereby authorized and directed to designate any board…”
Jordon v. New York Mercantile Exch., 571 F. Supp. 1530 (S.D.N.Y. 1983). “It proposes for all suits based on conduct prior to the 1982 Amendments a “dual” standard of liability: (1) A gross negligence or deliberate failure to act standard should be applied where it is alleged that an exchange has failed to comply with its continuing obligations of…”
Sonterra Capital Master Fund Ltd. v. Credit Suisse Grp. AG, 277 F. Supp. 3d 521 (S.D.N.Y. 2017). “accordance with the rules specified by the CME, a Designated Contract Market pursuant to Section 5 of the CEA ( 7 U.S.C. § 7 ).” Id. For a futures contract traded on an exchange such as the CME the exchange functions as the intermediary, and there is no identifiable…”
Calle Gracey v. J.P. Morgan Chase & Co., 730 F.3d 170 (2d Cir. 2013). “Indeed, 7 U.S.C. § 7 (d)(5), which relates to position limits and accountability levels set by the exchanges, similarly states that position limits are "[t]o reduce the potential threat of market manipulation or congestion (especially during trading in the delivery month).”
Effex Capital, LLC v. Nat'l Futures Ass'n, 933 F.3d 882 (7th Cir. 2019). “See 7 U.S.C. § 7 . Contract markets have some duties of self-regulation, including enacting and enforcing rules to ensure fair and orderly trading.”
Bishop v. Commodity Exch., Inc., 564 F. Supp. 1557 (S.D.N.Y. 1983). “7 U.S.C. § 7 (d). In addition, boards of trade desig *1562 nated as contract markets subject themselves to CFTC regulations, which provide that any emergency rule adopted, such as the one at issue here, must be “necessary or appropriate.”
New York Mercantile Exch. v. Commodity Futures Trading Comm'n, 443 F. Supp. 326 (S.D.N.Y. 1977). “7 U.S.C. § 7 (Supp.1977). 4 . Public Law 93-463, 88 Stat.”
New York Mercantile Exch., Inc. v. Intercontinental Exch., Inc., 323 F. Supp. 2d 559 (S.D.N.Y. 2004). “See 7 U.S.C. § 7 (d)(1). Core Principle 8 provides that a designated contract market “shall make public daily information on settlement prices, volume, open interest, and opening and closing ranges for actively traded contracts on the contract market.”
Bd. of Trade of the City of Chicago v. Commodity Futures Trading Comm'n, 627 F.2d 392 (D.C. Cir. 1980). “” 7 U.S.C. § 7 (g) (1976). In addition to meeting this statutory standard, the board must comply with Commission guidelines.”
P. J. Taggares Co. v. New York Mercantile Exch., 476 F. Supp. 72 (S.D.N.Y. 1979). “, 7 U.S.C. §§ 7 , 7a. 13 . Id. § 7a(1). 14 .”
— 7 U.S.C. § 7(d) — 1 case
Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Curran, 456 U.S. 353 (1982). “1000 , codified as amended, 7 U. S. C. § 7 (c). [16] § 5(d) of the CEA, 42 Stat.”
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