Commodity Exchange Act (CEA): Federal regulation governing commodity futures trading, including oil futures and derivatives. Key for oil broker activities and commission structures.
Dodd-Frank Wall Street Reform: Comprehensive financial reform law affecting broker-dealer operations, including reporting requirements and transparency in commodity transactions.
CFTC Regulations: Commodity Futures Trading Commission rules governing commodity brokers, including registration, conduct, and reporting requirements.
SEC Regulations: Securities and Exchange Commission rules applicable when dealing with securities-based oil products or derivatives.
State Contract Laws: State-specific regulations governing contract formation, enforcement, and remedies applicable to broker agreements.
State Licensing Requirements: State-specific licensing and registration requirements for individuals and companies acting as oil brokers.
Uniform Commercial Code: Particularly Article 2 on Sales, governing commercial transactions and contracts in the United States.
Antitrust Laws: Federal and state regulations preventing anti-competitive behavior in oil trading and brokerage.
Internal Revenue Code: Federal tax provisions affecting commission structures, reporting requirements, and tax obligations for brokers.
Foreign Corrupt Practices Act: Anti-bribery provisions affecting international oil trading and brokerage activities.
Anti-Money Laundering Regulations: Requirements for preventing and reporting potential money laundering activities in commodity transactions.
Export Control Regulations: Rules governing international oil trading activities and cross-border transactions.
EPA Requirements: Environmental Protection Agency regulations affecting oil trading and transportation compliance.
Department of Energy Regulations: Federal energy policy and regulatory requirements affecting oil trading and distribution.
