Pennsylvania — Statute

7316 – Keeping Bucket-shop | Pennsylvania Law

Pennsylvania law prohibits operating bucket-shops for securities or commodities trading, with penalties including fines and corporate forfeiture.

Legal Content

Pennsylvania State Law

7316 – Keeping Bucket-shop

Pennsylvania Title 18 - Crimes and Offenses § 7316

Summary

Pennsylvania law under Title 18, Section 7316, criminalizes maintaining or assisting in the operation of a 'bucket-shop,' which is a place where securities or commodities are traded based on false or non-existent transactions. The law specifies penalties for individuals and corporations, including forfeiture of corporate charters upon conviction. It also clarifies that proof of a single offer to make such transactions is sufficient for conviction.

Frequently Asked Questions

Why Attorneys Choose FlawFinder

Side-by-side with Westlaw and LexisNexis

Feature	FlawFinder	Westlaw	LexisNexis
Monthly price	$19 - $99	$133 - $646	$153 - $399
Contract	None	1-3 year min	1-6 year min
Hidden fees	$0, always	Up to $469/search	$25/mo + per-doc
Police SOPs	✓ 310+ departments	✗	✗
Zero-hallucination AI	✓ CitationGuard	✗	✗
Cancel	One click	Termination fees	No option to cancel

Explain Like I'm 5

In simple terms: Pennsylvania law prohibits operating bucket-shops for securities or commodities trading, with penalties including fines and corporate forfeiture.. This means people must follow this rule, and breaking it can lead to criminal penalties.