Title 18 — Crimes and Criminal Procedure
18 U.S.C. § 1348
Securities and commodities fraud
Open related sourceWhoever knowingly executes, or attempts to execute, a scheme or artifice—
(1) to defraud any person in connection with any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78 l ) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78 o (d)); or
(2) to obtain, by means of false or fraudulent pretenses, representations, or promises, any money or property in connection with the purchase or sale of any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78 l ) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78 o (d));
shall be fined under this title, or imprisoned not more than 25 years, or both.