§ 2.2.2

• Jurisdiction: Arizona

§ 2.2.2 Criminal Provisions

The 1909 Act banned trading on the future prices of stocks, bonds, and various commodities.¹⁶² The commodities were those associated with Arizona's economy and were listed as "copper, gold, silver, lead, cotton, grain or meat."¹⁶³ The Act made it illegal to conduct business through a bucket shop or to knowingly lease space to a bucket shop.¹⁶⁴ Those making bucket trades and those who accepted the orders were subject to criminal penalties.¹⁶⁵ Telephone and telegraph companies, whose facilities were generally needed for quotes and placing orders, were exempt from penalties if they were engaged "exclusively" in...