Original Text

(1)Prohibition It shall be unlawful for any person to offer to enter into, enter into, or confirm the execution of a transaction described in paragraph (2) involving the purchase or sale of any commodity for future delivery (or any option on such a transaction or option on a commodity) or swap if the transaction is used or may be used to— (A)hedge any transaction in interstate commerce in the commodity or the product or byproduct of the commodity; (B)determine the price basis of any such transaction in interstate commerce in the commodity; or (C)deliver any such commodity sold, shipped, or received in interstate commerce for the execution of the transaction. (2)Transaction A transaction referred to in paragraph (1) is a transaction that— (A) (i)is, of the character of, or is commonly known to the trade as, a “wash sale” or “accommodation trade”; or (ii)is a fictitious sale; or (B)is used to cause any price to be reported, registered, or recorded that is not a true and bona fide price.

  Inconclusive Paths for:

It is unlawful for any person to offer to enter into, enter into, or confirm the execution of a prohibited transaction.

 

G 5 This rule does not say whether It is unlawful for any person to offer to enter into, enter into, or confirm the execution of a prohibited transaction.. There may be other conditions which are sufficient to make this true. 4 It is unlawful for any person to offer to enter into, enter into, or confirm the execution of a prohibited transaction. 0 A person offers to enter into, enters into, or confirms the execution of a transaction. 0->5 no 1 The transaction involves the purchase or sale of any commodity for future delivery, any option on such a transaction or option on a commodity, or a swap. 0->1 yes 1->5 no 2 The transaction is used or may be used to hedge any transaction in interstate commerce in the commodity or its product/byproduct. 1->2 yes 3 The transaction is a wash sale, accommodation trade, fictitious sale, or is used to cause any price to be reported, registered, or recorded that is not a true and bona fide price. 2->3 yes 6 The transaction is used or may be used to determine the price basis of any transaction in interstate commerce in the commodity. 2->6 no 3->5 no 3->4 yes 6->3 yes 7 The transaction is used or may be used to deliver any commodity sold, shipped, or received in interstate commerce for the execution of the transaction. 6->7 no 7->5 no 7->3 yes