50. No person shall create or cause to be created or do anything that is calculated to create a false or misleading appearance of active trading in a futures contract on a futures market or a false or misleading appearance with respect to the market for, or the price of trading in, futures contracts on a futures market.
51. No person shall knowingly execute, or hold himself out as having executed, an order for the purchase or sale of a futures contract on a futures market, without having effected a bona fide purchase or sale of the futures contract in accordance with the business rules and practices of the futures market.
52. No person shall circulate, disseminate, or authorise, or be concerned in, the circulation or dissemination of, any statement or information to the effect that the price of trading in a class of futures contracts will, or is likely to, rise or fall because of the market operations of one or more persons which, to his knowledge, are conducted in contravention of section 50.
53. No person shall, directly or indirectly —
manipulate or attempt to manipulate the price of a futures contract that may be dealt in on a futures market, or of any commodity which is the subject of such futures contract; or
corner, or attempt to corner, any commodity which is the subject of a futures contract.
54. No person shall, directly or indirectly, in connection with any transaction with any other person involving trading in a futures contract —
employ any device, scheme or artifice to defraud that other person;
engage in any act, practice or course of business which operates as a fraud or deception, or is likely to operate as a fraud or deception, of that other person; or
make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made in the light of the circumstances under which they were made, not misleading.
55. No person shall, directly or indirectly, for the purposes of inducing or attempting to induce another person to trade in a futures contract, or class of futures contracts, make or publish —
any statement which is, at the time and in the light of the circumstances in which it is made, false, misleading or deceptive with respect to any material fact and which he knows, or has reasonable grounds for believing, is false, misleading or deceptive; or
any statement which is, by reason of the omission of a material fact, rendered false, misleading or deceptive and which he knows, or has reasonable grounds for believing, is rendered false, misleading or deceptive by reason of the omission of that fact.
56. Any person who contravenes or fails to comply with any of the provisions of this Part shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 7 years or to both.
—(1) A person, who contravenes any of the provisions of this Part and has been convicted of an offence in respect of the contravention, shall be liable to pay compensation to any other person who, in trading in futures contracts with the first-mentioned person or a person acting for or on behalf of the first-mentioned person, suffers loss by reason of the difference between the price at which the trading took place and the price at which it would have been likely to have taken place if the contravention had not occurred.
(2) The amount of compensation for which a person shall be liable under subsection (1) shall be the amount of the loss suffered by the person claiming the compensation.
(3) An action for the recovery of a loss shall not be commenced after the expiration of two years after the date of conviction of the person for an offence in respect of a contravention of a provision of this Part.
(4) Nothing in subsection (1) shall affect any liability that a person may incur under any other written law.