{"data":{"id":"us/16-cfr-317.3","jurisdiction":"us","citation":"16 CFR 317.3","heading":"Prohibited practices.","body":"It shall be unlawful for any person, directly or indirectly, in connection with the purchase or sale of crude oil, gasoline, or petroleum distillates at wholesale, to:\n(a) Knowingly engage in any act, practice, or course of business—including the making of any untrue statement of material fact—that operates or would operate as a fraud or deceit upon any person; or\n(b) Intentionally fail to state a material fact that under the circumstances renders a statement made by such person misleading, provided that such omission distorts or is likely to distort market conditions for any such product.","path":["Title 16—Commercial Practices","CHAPTER I—FEDERAL TRADE COMMISSION","SUBCHAPTER C—REGULATIONS UNDER SPECIFIC ACTS OF CONGRESS","PART 317—PROHIBITION OF ENERGY MARKET MANIPULATION RULE"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-16.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:29Z","sha256":"5bef91c8efe31a3a975ad0d72fdc2c083ae3409c50f52e9e57cff0461405dc61","source_id":"us-cfr","stale":true,"prev":"us/16-cfr-317.2","next":"us/16-cfr-317.4"},"notice":"GroundRules: Original legal text. Not legal advice."}