Baylor University Poage Library

Box 25 - 26


Fowler C. West Papers

Series :CFTC

Sub-series :Commission Subjects

Boxes 25 - 26 :55 folders

Box

File

Folder Title

Folder Sub-title

Notes and Publications

Year

25

210

Fraud

Articles

Articles:

-Giant Trader under fire, 01/19/87.

- As higher gold price glitters, swindlers pan for the unwary, 04/20/87.

-Scam artists find pay dirt in gold investors, 08/20/87.

-Broker sued over $1 M embezzlement case, 08/21/87.

-Hot lines : One customer s look at sales pitches for commotidies,05/27/87.

-Time to duck the raging bull, 01/16/87.

1987

25

211

Fraud

Articles

Articles:

-Offshore boiler-room scams proliferate, 06/16/88.

-Edwin Cox Jr. Gets six-month sentence on banking violation, 09/08/88.

-Civil allegations by SEC long-awaited, 09/08/88/

1988

25

212

Fraud

Articles

Articles :

-How smart people are losing billions by telephone, 07/24/89.

-2 trader guilty pleas expected, 08/10/89.

-Dishonest traders cheated all of us, 08/10/89.

-Telephone crooks have got your number, 10/00/89.

1989

25

213

Fraud

Articles

Articles: Dialing for your dollars, 12/12/91.

1991

25

214

Fraud

Articles

Articles:

-Affinity groups are targeted by con artists, 12/11/92.

-Dread ringers, 02/23/92.

1992

25

215

Fraud cases

Dominelli, J. David

Articles:

-Latest twist in the J. David fiasco, 06/04/84.

-Lawyer withdraws J. David suit against Pru-Bache; refiling expected,01/02/85.

-Dominelli story: too good to be true,11/12/84.

-J. David lawyers under fire, 07/20/85.

-Dominelli pleads guilty, admits fraud from outset,03/22/85.

J. David Dominelli indicted by grand jury on 5 criminal charges,05/29/84.

-J. David investors sue four firms, employees in alleged conspiracy,05/15/84.

-Trials of J. David, 05/08/84.

-Arrest, incarceration of J. David Dominellidoesn t end mystery,04/30/84.

-Can investors get any of $150 million back from J. David & Co.?,03/21/84.

-San Diego has history of financial debacles, 02/26/84.

-Investors get hollow return from J. David, 02/27/84.

-Scam or snafu?: The strange story of J. David, 02/22/84.

-Plus numerous shorter articles.

1984

25

216

Fraud cases

Feldman and Martinson

Article:Federal judge orders two men to disgorgeprecious-metals gains, 08/09/84.

1984

25

217

Fraud cases

F.G. Hunter and Associates

Article:Commodity broker placed in temporaryreceivership, 05/31/84.

News Release:Release # 2181-84, 05/25/84.

1984

25

218

Fraud cases

First Manhatten Commodities Corp.

News Release:Release # 2197-84, 07/06/84.

1984

25

219

Fraud cases

Intercontinental Commodity Advisors.

Article:Future board sues four commodity traders,05/31/84.

1984

25

220

Fraud cases

Lowe, Christopher

Article:The right to write, 02/18/84

1984

25

221

Fraud cases

Modoc Trading Group.

Article:Commodity broker placed in temporaryreceivership, 05/31/84.

1984

25

222

Fraud cases

Natl. Century Financial Corp.

Memo:Division of Enforcement: CFTC v. MichaelA. Galligano and National Century Financial Corp., 06/08/84.

New Release:Release # 2174-84, 06/11/84.

Articles:Ex-chief of CBOT guilty of fraud, 06/09/84. Receivershiporder sought on L. A. commodities firm, 06/06/84.

1984

25

223

Fraud cases

Natl. City Trading Corp.

Articles:Commodity salesman in N.Y. receives2-year prison term, 06/26/84.Commodities seller Eisbart isconvicted of fraud, tax evasion, 05/09/84.

1984

25

224

Fraud cases

Natl. Coal Exchange

Letters: Mr. Britt Levy:opinions section CFTC,03/30/84. To Mr. Ernest Pedersen RE: National Coal Exchange,Inc. (2 letters) , 03/22/84.

News Release:Release # 2115-84, 03/06/84.

1984

25

225

Fraud cases

Quinn and Co.

News Release:Release # 2150-84, 05/04/84.

1984

25

226

Fraud cases

Regal commodities

Article :Futures board sues 4 commoditytraders,05/31/84

1984

25

227

Fraud cases

Rosenthal and Co.

Article :Chicago board of trade ex-official defraudedclients, CFTC rules, 06/11/84.

News Release: Release # 2173-84, 06/08/84.

1984

25

228

Fraud cases

Sorkin, Harold

Article : Dealer admits guilt in fraud case linkedto commodity trades, 12/06/84.

News Release:Release # 2132-84, 04/06/84.

1984

25

229

Fraud cases

Vero Beach Accumulation Fund

Articles:Two face fraud, securities charge,05/08/84.

1984

25

230

Fraud cases

Bullion Reserve of N. America

Articles:Metals offerings: gold mine or landmine?, 06/05/84.CFTC focus held restricted to realm of futuresactivity, 03/05/84. Plusseveral shorter articles.

1985

25

231

Fraud cases

Intl. Silver Bullion Exchange Group

Article:Judges freezes assets of 2 firms, ownerat request of CFTC, 12/13/84.

News Release:Release # 2120-85, 10/01/85. Release# 2186-84, 12/12/84.

1985

25

232

Fraud cases

Investment Metals International

Article: Precious metals firm raided by FBI agents,01/22/85.

1985

25

233

Fraud cases

Oxborrow, Kenneth

Articles:

-Massacre at Moses Lake:The incredible story of a $58 millionPonzi scheme, 03/25/85.

-Unraveling the tangled paths of Oxborrow s financial world, 01/06/85.

-Trustees afraid Oxborrow s wife now has assets, 12/28/84.

-Oxborrow case could cripple white wheat futures market, 11/27/84.

-Kenny Oxborrow swindler or saint?, 1/27/84.

-Report alleges pyramid scheme, 10/20/84.Plus numerousshorter articles.

News Release :Release # 2155-84, 10/19/84.

1985

25

234

Fraud cases

Murlas Commodities

News Release: CFTCcharges Murlas commoditiesInc., 4 people, with fraud,09/16/85.NFA alleges churningin complaint filed against Murlas, 09/16/85.

1985

25

235

Fraud cases

E.F. Hutton

Letter : E.F. Hutton & company, Inc.,entered guilty pleas to mail and wire fraud violations, 05/24/85.

Memo : SEC actions against E.F. Hutton & CompanyInc. and E.F. Hutton Group Inc.: and status of CFTC s nonpublic investigationof Hutton, 10/29/85.

Securities and Exchange Commission Washington, D.C.

Articles: :

-Search forsmoking gunhits ever-fresh wall of confusion, 12/29/85.

-Fomon:Hutton has reformed, 11/08/85.

-Hutton Memos show approval of overdrafts, 07/01/85.

-Ball s Hutton role scrutinized, 07/02/85.

-New questions on Hutton s scheme, 07/03/85.

-Hutton plea called a mistake, 07/11/85.

-Bell s feared Hutton inquiry, 08/28/85.

-Hutton changed report category, 09/05/85.

-Settlements by Hutton reported, 08/01/85.

-Ball held ignorant of Hutton fraud, 07/12/85.

-Why the E.F. Hutton scandal may be far from over, 02/21/86.

-Congress widens Hutton prove as panel learns auditors questionedoverdrafts, 07/22/85.

-States are seeking to determine if Hutton improperly delayedcustomer payments, 09/20/85.

-Hutton group suffers a series of reverses in wake of overdrafts,04/09/86.

-E.F. Hutton appears headed for long siege in bank-draft scheme,07/12/85.

-U.S. officials examine whether Hutton improperly withheld certaindocuments, 07/05/85.

1985-86

25

236

Fraud cases

McKey Whitney

Letter RePeter Silvestro concerning his problemwith the McVey Whitney Company, 06/26/86.

Articles

1986

25

237

Fraud cases

Nelson Ghun and Associates

Articles: Seven charged in $11 millioncommodities fraud, 05/15/84.Plus several shorter articles.

1986

25

238

Fraud cases

Saxe v. E.F. Hutton

Memo:Saxe vs. E. F. Hutton, 05/02/86.

1986

25

239

GAO Report

The Chicago Future Market

Statement by the Honorable Tom Tauke upon the releaseof the GAO report on the Chicago Future Market,04/09/90.

1989

25

240

GAO Report

SEC,CFTC Evaluations of October Market Break

LetterRE Trading analysis of October 13 and 16,1989, 07/16/90.

GAO report on SEC, CFTC s evaluations of October market breakto be released today, 07/23/90.

Assessment of SEC and CFTC studies of October 1989 market volatilities,07/17/90.

1990

25

241

Globex

Limitation of liability

Draft of letter toMs. Medero, 09/27/91.

Memo: REGlobex: limitation of liability and customerdisclosure --Chicago mercantile exchange proposed rules 577, 578 and 579,07/24/91.

1991

25

242

Gov t. Securities

Act of 1986

Memo:Government Securities Act of 1986,02/19/87.

1987

25

243

Gov t. Securities Brokers and Dealers

Registration and Regulation of

Memo:Registration and regulation of gov tsecurities brokers and dealers, 11/25/86.

1986

25

244

Gramm, Wendy

Correspondence and articles concerning Commissioner Gramm

Letters:

Asking for Wendy Gramm testimony, 02/08/89.

-Thank you letter to Wendy Gramm for supplying material requestedin a recent letter and forwarding the separate views of commissionersWest and Albrecht, 06/04/92.

-To Chairman de la Garza RE: The commodityFutures ImprovementsAct of 1991, and the Futures Trading Practices Act of 1991, 10/07/91.

-Response tode la Garza letter requesting their views on H.R.2869, the CFIA of 1989, 07/31/89.

-Respond to Glenn English requested information on 8 specifictopics, 06/14/89.

-Respond to Glenn English requested information on the commodityexchanges over which the commission has oversight authority, 02/27/89.

News Release: Statement of chairman Wendy L. Gramm on the senate-houseagreement on reauthorization ofthe CFTC, 09/25/92.

1989-92

25

245

Hedging

Letter: Speculative short selling, 01/18/84.

1984

25

246

Hedging

Memo:Division s analysis of issues regardingthe commission s hedging definition, 11/1/85.

Document:Hedging by investment companies: legal implicationsunder the commodity exchange act and investment company act of 1940, 02/08/85.

1984

25

247

HybridFinancial Instruments

Memos:Possible press questions related to Hybriddocuments, 12/30/88.

Answers to possiblepress questions concerning the Hybrid instrumentsproposal, 01/04/89.

NFA petition for permission to conduct a pilot program for thedirect entry of registration data by a sponsoring registrant, 02/07/89.

Hybrid Instrument examples, 12/12/88.

Federal Register PublicationPart 4 CFTC, 01/11/89.

CFTC Regulation of Hybrid instruments, 11/12/92

Statement of commissioner Fowler C.Weston proposed rules forHybrids and related instruments and statutory interpretationconcerning certain Hybridinstruments.Attachment:examplesof instruments with commodity componentsoutside of the jurisdictionof the Commodity Exchange Act.

Draft of proposed interpretation concerning certain Hybrid instruments,12/13/88.Statutory interpretation concerning certain Hybridinstruments, 12/30/88.

Article:Gramm says she opposes CFTC being sole regulatorofhybrids , 11/10/88.

1984

26

248

HybridFinancial Instruments

Statutory Interpretations

Memo:From Andrea Corcoran,Division of Tradingand Markets, et al. Recommendation:That the Commission issuethe attached statutory interpretation concerning certain hybrid instrumentsand transmit the interpretation for publication in theFederal Register.

CFTC Document-Statutory Interpretation Concerning CertainHybrid Instruments.

1990

26

249

Inspector General Act

Amendments of 1988

Memo:From Marshall Hanbury, General CounselREInspector General Act Amendments of 1988.

1988

26

250

International Organization of Securities Commissions (IOSCO)

Reports on derivatives trading

Memo:From Andrea Corcoran, DirectorREReport of the workingpartyon futures (Working Party 7) to the TechnicalCommitteeof the IOSCO.

Letter from Andrea Corcoran to Paul Guy, Secretary Generalof IOSCO.

Working Party 7 report.

IOSCO Working Party 7 :Suggested Principles for the Oversightof Screen- Based Trading Systems for Derivative Products.

1990

26

251

Intermarket Coordination

US Department of Treasury report

Letter :Nicholas Brady to Chairman Wendy Gramm,June 5.

Report :992 Treasury Department Report on Intermarket Coordination.

1992

26

252

Introducing Brokers

Broker registration

Articles:

-Commodities Act May Open New Door to Fraud, Some Say.05/23/83.

-New AP Registration Categories, Introducing Broker Rules Proposed.04/01/83

News releases dealing with Introducing Broker Registration.

News Releases:

-CFTC request for public comment on streamlining operational requirementsfor commodity profesionals. 05/04/83.

-CFTCissuance of interpretation ofno-actionposition forIntroducing Brokers. 04/29/83.

-CFTC publishing in Federal Registerano-actionposition withrespect to APs, CPOs, and CTAs. 04/21/83.

-CFTC publishing in Federal Registerano-actionposition withrespect to Introducing Brokers and APs.04/14/83.

-CFTC voted to propose the establishment of four new categoriesof persons who must be registered with the Commission.03/29/83.

- Introducing Brokers ... Registration and Other RegulatoryRequirements.Federal RegisterVol. 48, Num. 67.05/06/83.

1983

26

253

Investment Fraud Task Force

Memo:From: the Division of Enforcement.RE Proposed Investment Fraud Task Force, Southern District ofCalifornia.

News release:New Boiler Room Task Force Formed.07/22/86.

1986

26

254

Kansas City Board of Trade

Audit Review

MemofromDivision of Trading and Markets.RE Audit Trail Rule Enforcement Review of the Kansas City Boardof Trade.

Audit Trail Rule Enforcement Review of the Kansas City Boardof Trade.08/30/87

1987

26

255

Kansas City Board of Trade

Stock market crash of 11/87

Statement on the Implications of the October 1987Stock Market Crisis. Thomas Cernich and Michael Braude.

1989

26

256

Kansas City Board of Trade

Rule Enforcement Review

Memofrom Division of Trading and MarketsRERule enforcement review of the Kansas City Board of Trade.09/20/91.

Rule Enforcement Review of the Kansas City Board of Trade.CFTC.09/27/91.

1991

26

258

Kuwait

Kuwaiti Assets Control Regulations

Department of Treasury Licensesgranted to the governmentof Kuwait. General licenses 1-5andproposed general license rough draft.

1990

26

259

Leverage

Regulation of leveragedtransactions

Memoto Fowler WestFromDennis Dutterer,General CounselRE The regulation of leveraged transactions.11/05/82

Memo fromGaine, Manley, and Culver REProposedtemporaryregulationsfor certain leverage transactions.

Recommendation : The commission should authorize publicationin the Federal Register of the attached release proposing regulationsfor certain leverage transactions.08/21/81.Inlcudes attachedrelease regarding the above.

1981-1982

26

260

Leverage

Leverage Contracts

Outline of Fowler West s opinion of leverage regulation.10/82.

Amendments offered by Fowler West to the final rules governingleverage.01/16/84.

MemofromKenneth Raisler, General CounselRE Publicationby the Bureau of National Affairs, Inc. of the proposed leverage transactionsregulations. 06/28/83.

-CFTC Proposed Rules on Leverage transactionsattached to the abovememo.06/10/83.

1982-1984

26

261

Leverage

Leverage Contracts

Memos:

-FromChairman s OfficeRE Enclosed Library of Congress,Professional Research Service report on leverage contracts.08/12/85.

-FromDavid Ebersole, Office of Congressional and GovernmentalAffairs RE Enclosed legislative proposal of Congressmen Glickman.

-CFTC Considers Registration of Leverage Transaction Merchants.09/20/85.

-CFTC Public Meeting:

1. Contract application from the CBOT on the NASDAQ 100Index.

2. Contract application from the CMEon S&P OTC industrialstock-price index.

3. Application from Monex and First Asset Corporationforregistration as a leverage transaction merchant.10/24/85.

Articles :

-Leverage Contracts: The Facts.Monex. 03/20/85.

-Benefits of Exchange Traded Futures and Options.CBOT/ CME.09/20/85.

-Truth About Leverage.CBOT/ CME.03/20/85.

1985

26

262

Leverage

Leverage Contracts

Leverage Chronology- 01/83 through03/15/85.

Correspondence

-From Fowler Westto The New York TimesRE 05/02/86editorial on leverage trading.06/17/86.

-From: Kika de la GarzaTo Commissioner Susan PhillipsRE Leverage.07/17/86.

-FromCommissionerSusan PhillipstoJake Garn, ChairmanRE Govt. Securities Dealers Act of 1985.1986.

Statement of Administrative Policy

H.R. 4613 - Futures Trading Act of 1986. 06/16/86.

S. 2045 - Futures Trading Act of 1986.06/18/86.

1986

26

263

Leverage

Leverage Contracts

Comments of the United States Departmentof Justicebefore the CFTC in the matter of Proposed Rules, Leverage Transactions.03/27/89.

1989

26

264

LIFFE

LIFFE/ FTSE 100 Interpretation Decision.

AdvisoryRE CFTC Office of General Counsel issueof Interpretive letter 90-1,no-actionpositionwith regards to theLIFFE/ FTSE 100 Index contract. 01/22/90

Attached letter from The Office of the GeneralCounsel toMNH Jenkins , Chief Executive, LIFFE. 01/16/90.

1990


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