Section 1348 - Securities and commodities fraudWhoever knowingly executes, or attempts to execute, a scheme or artifice-
(1) to defraud any person in connection with any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78l ) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o(d) ); or(2) to obtain, by means of false or fraudulent pretenses, representations, or promises, any money or property in connection with the purchase or sale of any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78l ) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o(d) );shall be fined under this title, or imprisoned not more than 25 years, or both.
Added Pub. L. 107-204, title VIII, §807(a), July 30, 2002, 116 Stat. 804; amended Pub. L. 111-21, §2(e)(1), May 20, 2009, 123 Stat. 1618.EDITORIAL NOTES
AMENDMENTS2009- Pub. L. 111-21, §2(e)(1)(A), inserted "and commodities" before "fraud" in section catchline.Pars. (1), (2). Pub. L. 111-21, §2(e)(1)(B), (C), inserted "any commodity for future delivery, or any option on a commodity for future delivery, or" before "any security".