1989 Ed.]
Commodities Trading
[CAP. 250
39
61. Dealing in options prohibited
No person shall transact on or through any commodity market, or hold himself out as being prepared to transact on or through any commodity market, any dealing which confers on any person an option to purchase or sell any commodity or on a futures contract, except as provided in the rules of the commodity market.
(Amended 61 of 1985 s. 16)
62. False trading, etc.
(1) No person shall intentionally create or cause to be created, or do anything with the intention of creating a false or misleading appearance of active trading in any commodity on any commodity market.
(2) No person shall circulate or disseminate, or authorize or be concerned in the circulation or dissemination of, any statement or information to the effect that the price of any futures contract will or is likely to rise or fall because of the market operations of one or more persons which, to his knowledge, are conducted in contravention of subsection (1).
63. Employment of fraudulent or deceptive devices, etc.
No person shall, directly or indirectly, in connection with any transaction with any other person involving the purchase or sale of a futures contract-
(a) employ any device, scheme or artifice to defraud that other person; or
(b) engage in any act, practice or course of business which operates as a fraud or deception, or is likely to operate as a fraud or deception, of that other person.
64. False or misleading statements
No person shall, directly or indirectly, for the purposes of inducing the purchase or sale of a futures contract, make-
(a) any statement which is, at the time and in the light of the circumstances in which it is made, false or misleading with respect to any material fact and which he knows or has reasonable grounds for believing is false or misleading; or
(b) any statement which is, by reason of the omission of a material fact, rendered false or misleading and which he knows or has reasonable grounds for believing is rendered false or misleading by reason of the omission of that fact.
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