Disciplinary proceedings (sections 17(b)(8) and (b)(9) of the Act).
17 C.F.R. § 170.6
in effectEffective: 2024-07-01A futures association must provide a fair and orderly procedure with respect to disciplinary actions brought against association members or persons associated with members. These rules governing such disciplinary actions shall contain, at a minimum, the procedural safeguards contained in section 17(b)(9) of the Act. In addition, an association, in disciplining its members should demonstrate that it will:
(a) Take vigorous action against those who engage in activities in violation of association rules;
(b) Conduct proceedings in a manner consistent with the fundamental elements of due process; and
(c) Impose discipline which is fair and has a reasonable basis in fact.
Source: eCFRURL: https://www.ecfr.gov/api/versioner/v1/full/2024-07-01/title-17.xmlFetched: 7/26/2026