West Virginia Statutes
§ 32B-1-5 — Unlawful commodity activities
(a)A person may not engage in a trade or business or otherwise act as a commodity merchant unless the person:
(1)Is registered or temporarily licensed with the commodity futures trading commission for each activity in which the person is acting as a commodity merchant and the registration or temporary license has not expired, been suspended or revoked; or (2) is exempt from registration by virtue of the Commodity Exchange Act or of a CFTC Rule.
(b)A board of trade shall not trade or provide a place for the trading of any commodity contract or commodity option required to be traded on or subject to the rules of a contract market designated by the commodity futures trading commission unless the board of trade has been so designated for the commodity contract or commodity option and the d
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Legislative History
1999 Reg. Sess., SB638
Nearby Sections
15
§ 32B-1-1
Definitions§ 32B-1-2
Unlawful commodity transactions§ 32B-1-3
Exempt person transactions§ 32B-1-4
Exempt transactions§ 32B-1-5
Unlawful commodity activities§ 32B-1-6
Fraudulent conduct§ 32B-1-8
Securities laws unaffected§ 32B-1-9
Purpose§ 32B-2-1
Investigations§ 32B-2-10
Procedure for entry of an order§ 32B-2-11
Judicial review of orders§ 32B-2-12
Pleading exemptions§ 32B-2-13
Affirmative defense§ 32B-2-2
Enforcement of chapter