Box 25 - 26

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