Baylor University Poage Library

Box 25 - 26


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 Dominelli doesn'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 disgorge precious-metals gains, 08/09/84.

1984

25

217

Fraud cases

F.G. Hunter and Associates

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

1984

25

222

Fraud cases

Natl. Century Financial Corp.

• Memo : Division of Enforcement: CFTC v. Michael A. 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. Receivership order sought on L. A. commodities firm, 06/06/84.

1984

25

223

Fraud cases

Natl. City Trading Corp.

Articles : Commodity salesman in N.Y. receives 2-year prison term, 06/26/84. Commodities seller Eisbart is convicted 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 commodity traders, 05/31/84

1984

25

227

Fraud cases

Rosenthal and Co.

Article : Chicago board of trade ex-official defrauded clients, 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 linked to 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 land mine?, 06/05/84. CFTC focus held restricted to realm of futures activity, 03/05/84. Plus several shorter articles.

1985

25

231

Fraud cases

Intl. Silver Bullion Exchange Group

Article : Judges freezes assets of 2 firms, owner at 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 million Ponzi 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 numerous shorter articles.

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

1985

25

234

Fraud cases

Murlas Commodities

News Release : CFTC charges Murlas commodities Inc., 4 people, with fraud, 09/16/85. NFA alleges churning in 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 & Company Inc. and E.F. Hutton Group Inc.: and status of CFTC's nonpublic investigation of Hutton, 10/29/85.

Securities and Exchange Commission Washington, D.C.

• Articles: :

- Search for ‘smoking gun' hits 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 questioned overdrafts, 07/22/85.

- States are seeking to determine if Hutton improperly delayed customer 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 certain documents, 07/05/85.

1985-86

25

236

Fraud cases

McKey Whitney

Letter Re Peter Silvestro concerning his problem with the McVey Whitney Company, 06/26/86.

Articles

1986

25

237

Fraud cases

Nelson Ghun and Associates

Articles: Seven charged in $11 million commodities 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 release of the GAO report on the Chicago Future Market,04/09/90.

1989

25

240

GAO Report

SEC,CFTC Evaluations of October Market Break

• Letter RE Trading analysis of October 13 and 16, 1989, 07/16/90.

GAO report on SEC, CFTC's evaluations of October market break to 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 to Ms. Medero, 09/27/91.

• Memo: RE Globex: limitation of liability and customer disclosure --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't securities 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 requested in a recent letter and forwarding the separate views of commissioners West and Albrecht, 06/04/92.

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

- Response to de 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 specific topics, 06/14/89.

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

News Release: Statement of chairman Wendy L. Gramm on the senate-house agreement on reauthorization of the 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 regarding the commission's hedging definition, 11/1/85.

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

1984

25

247

Hybrid Financial Instruments

 

• Memos : Possible press questions related to Hybrid documents, 12/30/88.

Answers to possible press questions concerning the Hybrid instruments proposal, 01/04/89.

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

Hybrid Instrument examples, 12/12/88.

Federal Register Publication Part 4 CFTC, 01/11/89.

CFTC Regulation of Hybrid instruments, 11/12/92

Statement of commissioner Fowler C.West on proposed rules for Hybrids and related instruments and statutory interpretation concerning certain Hybrid instruments. Attachment : examples of instruments with commodity components outside of the jurisdiction of the Commodity Exchange Act.

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

• Article: Gramm says she opposes CFTC being sole regulator of "hybrids", 11/10/88.

1984

26

248

Hybrid Financial Instruments

Statutory Interpretations

• Memo : From Andrea Corcoran, Division of Trading and Markets, et al. Recommendation: That the Commission issue the attached statutory interpretation concerning certain hybrid instruments and transmit the interpretation for publication in the Federal Register.

CFTC Document- "Statutory Interpretation Concerning Certain Hybrid Instruments."

1990

26

249

Inspector General Act

Amendments of 1988

• Memo : From Marshall Hanbury, General Counsel RE Inspector General Act Amendments of 1988.

1988

26

250

International Organization of Securities Commissions (IOSCO)

Reports on derivatives trading

• Memo : From Andrea Corcoran, Director RE Report of the working party on futures (Working Party 7) to the Technical Committee of the IOSCO.

Letter from Andrea Corcoran to Paul Guy, Secretary General of IOSCO.

Working Party 7 report.

IOSCO Working Party 7 : Suggested Principles for the Oversight of 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 requirements for commodity profesionals. 05/04/83.

- CFTC issuance of interpretation of "no-action" position for Introducing Brokers. 04/29/83.

- CFTC publishing in Federal Register a "no-action" position with respect to APs, CPOs, and CTAs. 04/21/83.

- CFTC publishing in Federal Register a "no-action" position with respect to Introducing Brokers and APs. 04/14/83.

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

- "Introducing Brokers ... Registration and Other Regulatory Requirements." Federal Register Vol. 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 of California.

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

1986

26

254

Kansas City Board of Trade

Audit Review

• Memo from Division of Trading and Markets. RE Audit Trail Rule Enforcement Review of the Kansas City Board of Trade.

Audit Trail Rule Enforcement Review of the Kansas City Board of 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 1987 Stock Market Crisis."Thomas Cernich and Michael Braude.

1989

26

256

Kansas City Board of Trade

Rule Enforcement Review

• Memo from Division of Trading and Markets RE Rule 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 Licenses granted to the government of Kuwait. General licenses 1-5 and proposed general license rough draft.

1990

26

259

Leverage

Regulation of leveraged transactions

Memo to Fowler West From Dennis Dutterer, General Counsel RE The regulation of leveraged transactions. 11/05/82

• Memo from Gaine, Manley, and Culver RE Proposed temporary regulations for certain leverage transactions.

• Recommendation : The commission should authorize publication in the Federal Register of the attached release proposing regulations for certain leverage transactions. 08/21/81. Inlcudes attached release 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 governing leverage. 01/16/84.

• Memo from Kenneth Raisler, General Counsel RE Publication by the Bureau of National Affairs, Inc. of the proposed leverage transactions regulations. 06/28/83.

- "CFTC Proposed Rules on Leverage transactions" attached to the above memo. 06/10/83.

1982-1984

26

261

Leverage

Leverage Contracts

Memos :

- From Chairman's Office RE Enclosed Library of Congress, Professional Research Service report on leverage contracts. 08/12/85.

- From David Ebersole, Office of Congressional and Governmental Affairs 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 100 Index.

2. Contract application from the CME on S&P OTC industrial stock-price index.

3. Application from Monex and First Asset Corporation for registration 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 through 03/15/85.

Correspondence

- From Fowler West to The New York Times RE 05/02/86 editorial on leverage trading. 06/17/86.

- From: Kika de la Garza To Commissioner Susan Phillips RE Leverage. 07/17/86.

- From Commissioner Susan Phillips to Jake Garn, Chairman RE 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 Department of Justice before the CFTC in the matter of Proposed Rules, Leverage Transactions. 03/27/89.

1989

26

264

LIFFE

LIFFE/ FTSE 100 Interpretation Decision.

Advisory RE CFTC Office of General Counsel issue of Interpretive letter 90-1, "no-action" position with regards to the LIFFE/ FTSE 100 Index contract. 01/22/90

Attached letter from The Office of the General Counsel to MNH Jenkins , Chief Executive, LIFFE. 01/16/90.

1990


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