# Iowa Code § 502A.5: Unlawful commodity activities

> Iowa · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.5

## Section

- **Citation:** Iowa Code § 502A.5
- **Heading:** Unlawful commodity activities
- **Jurisdiction:** Iowa
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** IA Code / Title XII / Chapter 502A / Section 502A.5

## Text

(1) A person shall not engage in a trade or business or otherwise act as a commodity merchant unless the person is either of the following:

(1) (a) Registered or temporarily licensed with the commodity futures trading commission for each activity constituting the person as a commodity merchant and the registration or temporary license has not expired, been suspended, or revoked.

(1) (b) Exempt from such registration by virtue of the Commodity Exchange Act or of a CFTC rule.

(2) A board of trade shall not trade, or provide a place for the trading of, any commodity contract or commodity option required to be traded on or subject to the rules of a contract market designated by the commodity futures trading commission unless the board of trade has been so designated for the commodity contract or commodity option and the designation has not been vacated, suspended, or revoked.

90 Acts, ch 1169, §5

## Nearby sections

- [Iowa Code § 502A.1 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.1.md)
- [Iowa Code § 502A.2 Unlawful commodity transactions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.2.md)
- [Iowa Code § 502A.3 Exempt person transactions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.3.md)
- [Iowa Code § 502A.4 Exempt transactions.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.4.md)
- [Iowa Code § 502A.5 Unlawful commodity activities.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.5.md)
- [Iowa Code § 502A.6 Fraudulent conduct.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.6.md)
- [Iowa Code § 502A.7 Liability of principals, controlling persons, and others.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.7.md)
- [Iowa Code § 502A.8 Securities laws unaffected.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.8.md)
- [Iowa Code § 502A.9 Purpose.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.9.md)
- [Iowa Code § 502A.11 Investigations.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.11.md)
- [Iowa Code § 502A.12 Enforcement of chapter.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.12.md)
- [Iowa Code § 502A.13 Power of court to grant relief.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.13.md)
- [Iowa Code § 502A.14 Criminal penalties.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.14.md)
- [Iowa Code § 502A.15 Administration of chapter.](https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.15.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IA_TXII_C502A_S502A.5. Check the current official text before relying on it. Not legal advice.