Futures Trading Act of 1986

Summary

Futures Trading Act of 1986 - Amends the Commodity Exchange Act to exclude foreign boards of trade, exchanges, markets, or clearinghouses from certain fraudulent practices provisions. Authorizes the Commodity Futures Trading Commission (Commission), with prior approval, to serve subpoenas on persons outside the United States. Authorizes the ex parte appointment of temporary receivers. Requires that for an investment transaction by a Commissioner or employee of the Commission to be a prohibited transaction, it must have: (1) involved the use of nonpublic information; (2) been prohibited by the Commission; or (3) been effected by any Commission-regulated instrument. Excludes Commission-exempted transactions not contrary to the public interest from such prohibition. Authorizes appropriations through FY 1989. Makes the automatic stay provisions inapplicable to a registered futures association (association) disciplinary action. Provides that the Commission shall review only final disciplinary actions taken by an association. Sets forth the standards for Commission review of denial of membership actions. Repeals the 30-day Commission approval period for proposed association rules changes.

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Documents

7 official files

• Public Law (PDF)

  Public Law · EN · 11 November 1986

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• House receded and concurred with amendment

  summary · EN · 15 October 1986

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• Conference report filed in House

  summary · EN · 14 October 1986

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• Passed Senate amended

  summary · EN · 6 October 1986

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• Passed House amended

  summary · EN · 16 July 1986

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• Reported to House with amendment(s)

  summary · EN · 6 June 1986

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• Introduced in House

  summary · EN · 17 April 1986

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