17 C.F.R. § 170.6

Current through September 30, 2024

Section 170.6 - Disciplinary proceedings (sections 17(b)(8) and (b)(9) of the Act)

A futures association must provide a fair and orderly procedure with respect to disciplinary actions brought against association members or persons associated with members. These rules governing such disciplinary actions shall contain, at a minimum, the procedural safeguards contained in section 17(b)(9) of the Act. In addition, an association, in disciplining its members should demonstrate that it will:

(a) Take vigorous action against those who engage in activities in violation of association rules;

(b) Conduct proceedings in a manner consistent with the fundamental elements of due process; and

(c) Impose discipline which is fair and has a reasonable basis in fact.

17 C.F.R. §170.6

44 FR 20651, Apr. 6, 1979, as amended at 46 FR 63036, Dec. 30, 1981

Approved by the Office of Management and Budget under control number 3038-0022