Commodity Futures Improvements Act of 1989

[AI summary unavailable — showing source text] Commodity Futures Improvements Act of 1989 - Title I: Limitations on Certain Trading Practices - Amends the Commodity Exchange Act to prohibit dual trading by a floor broker in any contract market in which the Commodity Futures Trading Commission (CFTC) has determined the average daily trading volume to equal or exceed a threshold trading level. Exempts a board of trade from such prohibition if it can show adequate trading violation surveillance (audit trails). Limits trading among members of broker associations. Title II: Enhancement of Regulatory and Enforcement Activities - Sets forth audit trail requirements, including one-minute transaction recording. Prohibits a person who has solicited a new account by telephone from entering any orders for such account for three days after the customer has signed any contract and a risk disclosure statement. Continues CFTC authority to conduct undercover enforcement operations. Establishes CFTC contract market disciplinary committees. Provides for public representation on contract market governing boards. Requires floor trader registration. Revises provisions regarding: (1) registration; and (2) enforcement of money penalties. Requires ethi…