---
kind: "section"
citation: "7 U.S.C. § 6l"
title: "7"
title_heading: "Agriculture"
number: "6l"
heading: "Commodity trading advisors and commodity pool operators; Congressional finding"
release: "119-102"
url: "https://uscodex.org/usc/7/6l"
units:
  - "Chapter 1 — Commodity Exchanges"
---

# §6l. Commodity trading advisors and commodity pool operators; Congressional finding


It is hereby found that the activities of [commodity trading advisors](/usc/7/1a.md?p=12-B) and [commodity pool operators](/usc/7/1a.md?p=11-A) are affected with a national public interest in that, among other things—

- (1) their advice, counsel, publications, writings, analyses, and reports are furnished and distributed, and their [contracts](/usc/7/518.md?p=4), solicitations, subscriptions, agreements, and other arrangements with clients take place and are negotiated and performed by the use of the mails and other means and instrumentalities of [interstate commerce](/usc/7/1a.md?p=30);
- (2) their advice, counsel, publications, writings, analyses, and reports customarily relate to and their operations are directed toward and cause the purchase and sale of [commodities](/usc/7/1a.md?p=9) for [future delivery](/usc/7/1a.md?p=27) on or subject to the rules of [contract](/usc/7/518.md?p=4) markets or derivatives transaction execution facilities; and
- (3) the foregoing transactions occur in such volume as to affect substantially transactions on [contract](/usc/7/518.md?p=4) markets or derivatives transaction execution facilities.

## Source credit

(Sept. 21, 1922, ch. 369, § 4l, as added Pub. L. 93–463, title II, § 205(a), Oct. 23, 1974, 88 Stat. 1397; Pub. L. 106–554, § 1(a)(5) [title I, § 123(a)(10)], Dec. 21, 2000, 114 Stat. 2763, 2763A–408.)

## Notes

### Editorial Notes

### Amendments

2000—Pars. (2), (3). Pub. L. 106–554 inserted “or derivatives transaction execution facilities” after “contract markets”.

### Statutory Notes and Related Subsidiaries

### Effective Date

For effective date of section, see section 418 of Pub. L. 93–463, set out as an Effective Date of 1974 Amendment note under section 2 of this title.