Collapse to view only § 17301. Prohibition on market manipulation
- § 17301. Prohibition on market manipulation
- § 17302. Prohibition on false information
- § 17303. Enforcement by the Federal Trade Commission
- § 17304. Penalties
- § 17305. Effect on other laws
§ 17301. Prohibition on market manipulation
It is unlawful for any person, directly or indirectly, to use or employ, in connection with the purchase or sale of crude oil 1
1 So in original. A comma probably should appear.
gasoline or petroleum distillates at wholesale, any manipulative or deceptive device or contrivance, in contravention of such rules and regulations as the Federal Trade Commission may prescribe as necessary or appropriate in the public interest or for the protection of United States citizens.(Pub. L. 110–140, title VIII, § 811, Dec. 19, 2007, 121 Stat. 1723.)
§ 17302. Prohibition on false information
It is unlawful for any person to report information related to the wholesale price of crude oil 1
1 So in original. A comma probably should appear.
gasoline or petroleum distillates to a Federal department or agency if—(1) the person knew, or reasonably should have known, the information to be false or misleading;
(2) the information was required by law to be reported; and
(3) the person intended the false or misleading data to affect data compiled by the department or agency for statistical or analytical purposes with respect to the market for crude oil, gasoline, or petroleum distillates.
(Pub. L. 110–140, title VIII, § 812, Dec. 19, 2007, 121 Stat. 1723.)
§ 17303. Enforcement by the Federal Trade Commission
(a) Enforcement
(b) Violation is treated as unfair or deceptive act or practice
(Pub. L. 110–140, title VIII, § 813, Dec. 19, 2007, 121 Stat. 1724.)
§ 17304. Penalties
(a) Civil penalty
(b) Method
(c) Multiple offenses; mitigating factorsIn assessing the penalty provided by subsection (a)—
(1) each day of a continuing violation shall be considered a separate violation; and
(2) the court shall take into consideration, among other factors—
(A) the seriousness of the violation; and
(B) the efforts of the person committing the violation to remedy the harm caused by the violation in a timely manner.
(Pub. L. 110–140, title VIII, § 814, Dec. 19, 2007, 121 Stat. 1724.)
§ 17305. Effect on other laws
(a) Other authority of the Commission
(b) Antitrust law
(c) State law
(Pub. L. 110–140, title VIII, § 815, Dec. 19, 2007, 121 Stat. 1724.)