How to cite the NFL
The National Football League is a multi-billion-dollar industry, and the league employs more than 30,000 people.
So it’s no surprise that the NFL has a complicated legal structure that includes a myriad of statutes and regulations that apply to players, teams, owners, coaches, officials and fans.
Here’s a rundown of some of the key legal areas that have a big impact on your NFL filing.
Title 12: Business, business transactions, and employment law Section 12:1(b) of Title 12 provides that “[e]ach person shall be deemed to have filed a complaint with the Secretary of the Treasury alleging a violation of a law or regulation by any person who owns, controls, or is controlled by any other person who is a member of a team, owner, or agent of the team, or who is acting as a member or agent for the team or owner, unless such person has been convicted of a felony or is under sentence for a felony.”
Title 12 also provides that a person filing a complaint under this section may request a hearing before the Secretary to compel testimony or produce documents.
Title 9: Financial institutions, trust companies, brokers, and others § 9:1A(b)(1) of title 9 provides that, “[a]n owner, agent, manager, principal, or employee of any person shall not be liable for any act or omission which violates any of the provisions of the Bankruptcy Code, Title 10, or Title 13 of the Securities Exchange Act of 1934.”
It also provides: “Nothing in this title shall be construed to permit any of [the owner, attorney, manager or principal] to be liable as a principal, agent or employee for any losses arising from, or for damages resulting from, any breach of contract, breach of fiduciary duty, or any other cause of action, including but not limited to, any violation of this title.”
Title 10: Securities, commodities, and related commodities § 10:1B(a)(1)(B) of the Act provides that “an owner, director, officer, or manager of a person who holds a security or commodity account or contract for any such person shall, if such person is required by any statute to report, be required to disclose the names and addresses of the persons holding such account or such contract.”
Title 11: Banking § 11:1C(a) of section 11 of title 11 provides that: “Any person who fails to report information relating to a security which is in the possession of the person and which has been provided to the bank, as a result of a disclosure by the bank to a law enforcement agency pursuant to a subpoena, or otherwise, shall be liable to the person so reporting and shall be subject to a civil penalty of $1,000 for each day on which the failure continues.”
Title 8: Business and economic regulation § 8:1 of Title 8 provides that the “President shall prescribe regulations to carry out the purposes of the Corporation, and such regulations shall include the provisions set forth in this part.”
Title 4: Banking, credit, and financial institutions § 5(a),(b), and (c) of § 5 of title 4 provide that “a person who violates any provision of this part shall be fined not less than $1 nor more than $2,000 or both.”
It provides that if a person fails to file a complaint, a bank may withhold from the bank’s accounts any information that is in a person’s possession, and that information may be used by the Bank to determine whether the person violated the provisions.
Title 2: Financial Institutions § 2(c) provides that no person may be prosecuted for any breach or violation of the laws of the United States or of any State or political subdivision thereof, or of a State, for violations of the statutes relating to the conduct of trade or business.
Title 8(b): Federal Trade Commission § 8(d)(1),(2) and (3) of §§ 8(a)-(b ) of title 8 provide that: “(a) No person who shall have been convicted in any court of any offense against any law of the State or any political subdivision of a state shall be eligible to apply for any relief from any proceeding in any Federal or State court relating to such offense or such violation.”
It further provides that an offense “shall not be a violation” if the person who committed the offense “did not intend or did not believe that such conduct was illegal or would be illegal.”
Title 5: Securities and commodities § 5A(a)–(b)–(c)–(d)–(e) of this section provide that “[a) A person who knowingly fails to furnish or receive information in the form and manner required by the provisions applicable to a registration certificate shall be guilty of a misdemeanor and, upon conviction, shall suffer a fine of not more than one hundred dollars ($100) and shall not have any right