PROHIBITION AGAINST INSIDER TRADING.

SEC. 214. PROHIBITION AGAINST INSIDER TRADING. (a) In General.— Section 9 (7 U.S.C. 13) is amended by adding at the end the following: “(f) It shall be a felony for any person— “(1) who is an employee, member of the governing board, or member of any committee of a board of trade, contract market, or registered futures association, in violation of a regulation issued by the Commission, willfully and knowingly to trade for such person’s own account, or for or on behalf of any other account, in contracts for future delivery or options thereon on the basis of, or willfully and knowingly to disclose for any purpose inconsistent with the performance of such persons official duties as an employee or member, any material nonpublic information obtained through special access related to the performance of such duties. 106 STAT. 3611 (2) willfully and knowingly to trade for such person’s own account, or for or on behalf of any other account, in contracts for future delivery or options thereon on the basis of any material nonpublic information that such person knows was obtained in violation of paragraph (1) from an employee, member of the governing board, or member of any committee of a board of trade, contract market, or registered futures association. Such felony shall be punishable by a fine of not more than $500,000, plus the amount of any profits realized from such trading or disclosure made in violation of this subsection, or imprisonment for not more than five years, or both, together with the costs of prosecution”. (b) Regulations.— The Commodity Futures Trading Commission shall issue regulations to implement the amendment made by subsection (a) not later than three hundred and sixty days after the date of enactment of this Act.