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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 18 U.S.C. § 1348 | Securities and commodities fraud | us | united_states_code | code_section | 18 | CRIMES AND CRIMINAL PROCEDURE | 63 | MAIL FRAUD AND OTHER FRAUD OFFENSES | 1348 | 18 U.S.C. § 1348 | current | 119-100 | 2026-06-26 | official | https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc18@119-100.zip | /us/usc/t18/s1348 | data/legal/raw/us/code/title-18/usc18.xml | 6adffbaba401df1f2d9943bd2c787d4990a2a5bd1006607cce1352d028bca86a | 1a1bbbbdb59e376ada4eb7ad1056fd68d396679ee7ab59f0561af15006122708 | d61a4dd740ee8b24cf5077f12bd9efb7b6b6a685b207841fe2510aa31408a1b3 | 2026-07-04 | official |
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18 U.S.C. § 1348 - Securities and commodities fraud
Text
Whoever 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.)
Notes
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”.