Baylor University Poage Library

Box 30 - 32


Fowler C. West Papers

Series :CFTC

Sub-series :Commission Subjects

Boxes 30 - 32 :59 folders

Box

File

Folder Title

Folder Sub-title

Notes and Publications

Year

30

336

Options

PBOT Eurodollar Options

Philadelphia Board of Trade - question and answeroutline.05/08/85.

Correspondence: FromMarc Berman, Secratary, The IntermarketClearing CorporationToAndrea CorcoranRE Telephoneconversation.05/07/85.

Memos:

-From: Division of Trading and Markets& Divisionof Economic AnalysisRE Application of the PBOT for designationas a contract market in options on Eurodollar Time Deposits.05/08/85.

-FromJean Web, Secretaryof the CommissionRE Commissionmeeting 05/08/85.05/10/85.

1985

30

337

Options

Agriculture Options Expansion

Memo: FromThe Division of Economic AnalysisRE Pilot program for the trading of options on domestic agriculturalfutures contracts.03/10/86.

Articles:

-CFTC Expands Program in Options On Farm Futures.WSJ.04/03/86.

-Panel Moves Towards Allowing Sale of Foreign Options in TheUS.04/03/86.

-CFTC Expands Program in Options on Farm Futures.04/03/86.

-CFTC Approves Expansion of Agricultural Options Pilot Program.04/03/86.

1986

30

338

Options

Trading

Memos:

-FromDivision of Economic AnalysisRETermination ofPilot Options Programs.

-From: Molly Bayley, Executive DirectorREAddition toSecond Quarter Objectives. 12/30/86

1986

30

339

Options

Options Trading-Farmers

Articles :

-Program Aimed at Options Trading For Farmers Falls Short.Joe Spear .12/09/88.-Futures/Options Pilot FarmProgram Not on Autopilot.Wiesemeyer and Bernard.06/88.

1989

30

340

Osaka Securities Exchange

Stock Futures 50

Memo:FromMarshall Hanbury, General CounselREOsaka Securities ExchangeStock Index Futures 50No-ActionRequest.06/24/87.

Correspondence regardingabove attached.

1987

30

341

Osaka Securities Exchange

Nikkei Stock AverageFutures

Correspondence: FromWilliamHeyman,SECToYoichiro Tomochika, Senior Executive Govenor, OSEREOsaka Securities Exchange Nikkei Stock Index Futures Contract.01/16/92.

1992

30

342

Office of Technology Assessment (OTA), CFTC

Securities and Futures Markets

Memo:FromPaula TosiniRE OTA studyofSecurities and Futures Markets.11/02/88.Accompanied byattached materials.

1988

30

343

Paine Webber

Northern Offer of Settlement

Memos:

-FromDivision of EnforcementREPaine Webber/ Northern.11/24/92.

-From: Division of EnforcementRE Paine Webber Inc.and Lovell Braxton Northern andthe Division s recommendation about thatcase.11/17/94.

1992

30

344

Philadelphia Board of Trade (PBOT)

OTC Index Futures

Memo:FromThe Division of Economic Analysis RE Applicationof the PBOT for designation as a contract market to trade futures contractson the National OTC Index.09/04/85.

1985

30

345

Philadelphia Board of Trade (PBOT)

Australian Dollar Futures

Memos:

-FromThe Division of Economic Analysis RE Applicationof the PBOT for designation as a contract market to trade futures contractson the Australian Dollar.04/10/87.

-From: The Division of Trading and MarketsRE Applicationof the PBOT for designation as a contract market to trade futures contractson the Australian Dollar.04/14/87.

1987

30

346

Pension Plans

Trading in the Futures Markets

Article :Pension Plan Trading in the FuturesMarkets.7p.12/26/91.

1991

30

347

Phillips, Susan

CFTC Chairman 1984-1989.Miscellaneous Materials.

Correspondence , either to or from Susan Phillips;William Webster;Ed Jones;Warren Rudman;FowlerWest;Richard Luger;E. Thomas Coleman.

Articles with Susan Phillips:

-The Agency Whose Job is the Pits.08/84.

- Why Futures Trading Will Stay Fast and Lose.03/21/85.

-Talking Business with Phillips of Commodity Commission.02/18/88.

-CFTC to Watchdog Metals Futures More Than Financial.05/15/86.

-Out to Get All the Crooks.04/07/86.

-Once Meek Futures AgencyNow Busy Stepping on Toes.01/05/86.

-CFTC on the Inside.06/05/84.

1991

30

348

Presidential Task Force on Market Mechanisms

Market Crash

10/26/87

Correspondence: FromNicholas BradyToRobert Glauber, Executive Director Presidential Task Force on Market Mechanisms.

Attached is the Presidential Task Force on Market MechanismsSurvey.11/18/87.

1987

30

349

Price Limits

Memos: -FromPaula TosiniRE Effectsof Price Limits.10/05/94.-From:Paula Tosini RE PriceLimits Study.06/09/88.

Attached to memo 06/09/88.:Daily Price Limits inFutures Markets.Gordon, et al. Division of Economic Analysis.33p.1988.

1988

30

350

Proceedings Bulletin

Memo:-FromBayley, Klejna, and Hathaway (ExecutiveDirector, Div. of Enforcement, and Office of Communication and EducationServices) RE CFTC Proceedings Bulletin.06/02/86.

Correspondence: From Fowler WestTo MollyBayleyREProceedings Bulletin.07/18/86.

Attached to memo06/02/86 : CFTC Proceedings Bulletin.6p. 07/15/86.

CFTC Correspondence Control Record.01/23/86.

1986

30

351

Program Trading

Articles:

-Program Trading, Lack of Curbs Draw 3 Broker sFire in CapitolHill Testimony.05/06/88.

- Wall Street Eerily Quiet as Institutions Retreat.05/06/88.

-Don t Ban Program Trading.05/16/88.

1988

30

352

Program Trading

Memo:From Kate Hathaway, Director, OCESRESEC study on Program Trading.07/27/89.

Correspondence:From R. Steven WunschREHouse Subcommitteehearings, with attached statement.(1989).

Attached to memo 07/27/89:

-SEC Study on Program Trading.49p.06/30/89.

-Program Trading3p.(1989).

-Stock Index Futures, Functional Regulation and the CFTC.6p.11/03/87.

-Program Tradingand PortfolioInsurance.6p.(1989).

-Stock Index Futures.Kidder, PeabodyInc.25p.09/10/85.

-Overview of Program Trading and its Impact on Current MarketPractices.Katzenbach.40p.12/21/87.

1989

30

353

Permanent Subcommittee on Investi-gations (PSI)

Committee on Governmental Affairs, U.S. Senate

Report :Commodity Investment Fraud.ReportNumber 97.45p.1982.

1982

30

354

Permanent Subcommittee on Investi-gations (PSI) of the Committeeon Governmental Affairs, U.S. Senate

IGBE/ BRNA/ UPM Fraud Cases

Memos:

-FromKenneth RaislerRECongressional request for informationon United Precious Metals (UPS), International Gold Bullion Reserve (IGBR),Bullion Reserve of North America (BRNA), and other cash dealers in metals.11/10/83.

-FromJudith Rumisek, Congressional Liaison REAttachedcopy of the transcript ofpress conferenceannouncing an investigationbythe PSIof Federal oversight of IGBE and Bullion Reserve of NorthAmerica.10/26/83.

Correspondence:

-FromWarren RumantoSusan PhillipsRE PSI.11/08/83.

-From:William Nortman, UPMItoWarren RudmanREUPMI.03/09/84.

-From:Warren RudmantoJames Miller, Federal TradeCommissionRE PSI.12/15/83.

-From:Susan PhillipstoWarren RudmanREReply to letter on PSI.(1983)

News Release of PSISenate Committee Launches Probe Into GoldBullion Cases.10/26/83.

News From Attorney General Robert Abrams (NY- State)New York Attorney General Hails Senate Investigation.10/26/83.

IGB Exchange Advertisement.

UPM Advertisement.

Commodity Advertisement Letter.

Testimony-Orestes Mihaly before the PSI.03/19/84.

-Walter Head before the PSI.(1984).

-Earl Faircloth before the PSI.03/19/84.

-DavidVickers before the PSI.(1984).

1983-1984

30

355

Permanent Subcommittee on Investi-gations (PSI)

Precious Metal Fraud Investigations

Memos:

-FromDennis KlejnaRE Appearance ofKlejna before theFlorida Governor s Council on organized crime with attached statement.10/19/83.

-From:Dennis KlejnaREAttached memo from StephenHall dealing with the PSI.11/19/84.

-From:Marshall Hanbury, Office of Govt. AffairsREAttachedletter of Sen. Rudman.11/10/83.

-From: Carol Fox, PSItoBarbara Wierzynski, CFTCREMeeting with Wierzynski and West and enclosed letter.04/16/84.

Correspondence: FromWarren Rudman toSusan PhillipsREPSI hearings.02/29/84.

Articles:

-State Uses New Law on Boiler Rooms against Miami Firm.08/21/84.

- Agency Seeks to Stem Growing Phone Silver-sale Scams12/24/85.

-Strategic Metals Stoke the Boiler Room.09/20/87.

- US Agency Battles Precious Metal Fraud.12/16/85.

- Dial M For Marketing Fraud.05/16/88.

News Release of the PSI:

-Senate Panel to Hold Hearings on Investment Fraud.11/04/83.

-Florida House of Reps. billcreating theFlorida Investor ProtectionAct.(1983)

Statements

-Amanda Pedersen,FTC.03/21/84.

-Sen. Warren Rudman

-Robert Ogren, US Department of Justice.11/15/84.

-Joseph Corless, FBI.11/15/84.

-Gerald Lewis, Comptroller of Florida.11/15/84.

-Richard Miklic,US Probation Officer.

-Phillip Gold, Prison Inmate.

31

356

Permanent Subcommittee on Investi-gations (PSI)

Off-Exchange Fraud

Memos:

-FromFowler WestToSusan PhillipsRE Coordinationwith other federal agencies and with states in the area of off-exchangefraudulent activities.10/31/83.

-From:Susan PhillipstoFowler West, with attachedmemo.03/07/84.

Paper over PSI :J.Rumisek.08/11/83.

Testimony of Dennis Klejna before the PSI. (1983)

Statement of Thomas Loughran before the Select Committee on Aging.10/23/80

1980-1984

31

357

Permanent Subcommittee on Investi-gations (PSI)

Offshore Banks and Companies

Correspondence:

-ToFowler WestREForeign Participants, with attachments.02/01/83.

-From:Philip JohnsonRE Relations with the BritishGovernment.01/24/83.

Memo:-FromKenneth RaislerRESenate PSI :TheUses and Abuses of offshore banks and companies and attachedtestimonyof John Fedders, SEC.05/25/83.

1980-1984

31

358

Permanent Subcommittee on Investigations (PSI) of the Committeeon Governmental Affairs, U.S. Senate

State Enforcement Actions

Memos:

-FromKenneth RaislerREResponse to remarks of NY AttorneyGeneral concerningfailure of International Gold Bullion Exchange, UnitedPrecious Metals and Bullion Reserve of North America.10/31/83.

-FromKenneth Raislerto Fowler WestRE Letterto NY Attorney General Abrams.10/31/83.

-FromKenneth RaislerRESummary of Comments on Proposedrule 1.70: Notification of State Exchange Actions under the CommodityExchange Act.09/11/83.

-FromFowler WestREAnnouncementbythe PSI - WillConduct Investigation into commodity fraud.10/26/83.

1983

31

359

Permanent Subcommittee on Investigations (PSI)

NASAA/CFTC Cooperation

Memo: ToE.C. AndersonFromKennethRaislerREMeeting with West.01/06/84.

Statementof E.C. Anderson, NASAA to the PSI.04/19/84.

Joint Statement of NASAA and the CFTC to the PSI.(1984).

Statementof H. Wayne Howell, NASAA to the PSI.11/15/84.

NASAA News ReleaseState Securities Officials Call For Reviewof Precious Metals Dealers.10/26/83.

Hearings before the PSI- Commodity Investment Fraud II.03/21/84& 03/19/84.

1983-1984

31

360

Permanent Subcommittee on Investigations (PSI)

South Florida Boiler Room Operations

Statement of Jill Bryant. (1984)

Statement of Jeremiah Foley III.(1984).

Conversationsrecorded bythe Government during the investigationinto aprecious metals boiler room operation.8p. (1984)

Statement of Dorene B.Wolf, Dept. of Corporations, State of California.03/15/84.

Statement of Steven Sawyer.(1984).

Statement of Kent Neal, Assitant State Attorney Economic CrimeUnit, before the PSI.11/15/84.

1984

31

361

Permanent Subcommittee on Investigations (PSI)

Commodities Futures Trading Litigation Seminar

Draft of the District of Colombia Bar AssociationCLE Seminar: Litigating Commodity Fraud Cases.20p.(1984).

1984

31

362

Permanent Subcommittee on Investigations (PSI)

Enforcement and Surveillance

MemoTo Fowler Westwith attachment:Use of Computers in Market Surveillance.7 p. with handwritten notes.

Article :Civil Penalties- Comparason of amounts levied and recoveredfor FY 1978- FY 1982.

1984

31

363

Permanent Subcommittee on Investigations (PSI)

Hearing on Precious Metals Fraud

Staff Statement of the PSI, Hearings on PreciousMetals Fraud.40p03/84.

1984

31

364

Permanent Subcommittee on Investigations (PSI)

User Fees

Correspondence:Morley, Weiland.

Memo:From Kenneth RaislerRE User Fees.02/08/85.

1985

31

365

Permanent Subcommittee on Investigations (PSI)

West s Personal Notes

Notes :Two caches of notes approx6 p. each.

1985

31

366

Regulatory AdvisoryCoordination Committee (RACC)

Progress reports

Correspondence:ToRACC MembersFromRobert Mackay REProgress Report.09/30/91.

Status Report of the Working Group on Clearance and Settlement,RACC.01/22/92.Papers:

-CFTC Regulatory Coordination Advisory Committee, Managed FuturesSubcommittee Issue Paper.27p.1991.

-Examination of the Extent to Which US Banking PracticesAffect the Development of US Futures Markets.10/09/91.

- RCAC Statusof Issues.10/01/91.

-Update of Managed Money and Futures Regulation on thePacific Rim and in the US.Sheila Bair.09/12/91.

News Release, adoption of 10 general principles by the CFTC.11/15/91.

- CFTC RACC Meeting Agenda.11/28/91.

-Next RACC meeting.11/21/91.

-International Coordination by the CFTC.

-Reporting Levels in the Futures Markets.09/30/91.

-CTI Codes.

-Allocation of Fills Among Accounts on Block Orders.

-CFTC Exemptive Authority.

-Customer Protection Perceptions Regarding Agriculture Futuresand Option Products.

-CFTC Backgrounders

-Foreign Instrument Approvals & Exemptions.10/01/91.

-CFTC s International Enforcement Program.09/25/91.

1991

31

367

Regulatory AdvisoryCoordination Committee (RACC)

Report

Correspondence:

-FromWendy GrammToPaul O KellyRE RACC.01/06/92.

-From Alan GreenspanTo Wendy Gramm RERACC.12/23/91.

-From Wendy GrammToAlanGreenspanRERACC,with attached RACCstudy.12/16/91.

Reporton the Commission sLarge Trader Reporting System Preparedfor the RACC.48p. 01/91.

CFTC RACC Meeting agenda.01/22/92.

1991-1992

31

368

Regulatory Review Task Force

Report and Recommendations

Report and Recommendations of the RegulatoryReviewTask Force.NYMEX.24p. 05/09/89.

1989

31

369

Reparations

Proposed Rules

Memos:

-FromJerome Nelson, Options SectionRE The CFTC s AppellateReparations Docket.06/11/85.

-From: Molly BayleyREAttached report to the commissionon the operation of the new reparations rules.06/18/85.

Article :Futures Industry Self- Regulatory Group Offers ArbitrationProgram.Laura Oatney.06/85.

Reparations report.18p.(1985).

1985

31

370

Reparations

Rules

Memos:

-FromKenneth RaislerREAttached letter from WilliamBrodsky, president of the CME.06/24/85.

-From Kenneth RaislerRESchor v. ContiCommodityServices,Inc., No.84-1673.06/04/85.

-From Molly BayleyREAttached report to the commissionon the operation of the new reparations rules.06/18/85.

-From Jerome Nelson, Options SectionRE The CFTC s AppellateReparations Docket.06/11/85.

Reparations notes. (1985).

Article :Supreme Court Vacates Limitations on CFTC CounterclaimJurisdiction.07/05/85

1985

31

371

Reparations Program

Proposed Rules

Memos: -CFTCProposed Rules-From:Kenneth RaislerRE Publication of the attached proposed ReparationRules.06/07/83

Reparations Projected Budget Paper.2p.06/21/89.

Limitations on the CFTC s Sanctioning Powers.Michael Sackheim.10/90.

Court Proceedings :Schor v. ContiCommodityServices, Inc.,No.84-1673, CFTC Petitioner.10/85.

CFTC Innovation Under Revised Reparations Rules- The Three DecisionalProcedures.Koblenz and Rowland.1984.

Federal Register, Part III, CFTCFinal Rules Relating to Reparations.02/22/84.

1982-1990

31

372

Racketeer Influenced and Corrupt Organizations Act (RICO)

Revisions to Hanbury Statement

Statement of Marshall Hanbury, CFTC General Counselbefore the Criminal Justice Subcommittee of the Judiciary Committee ofthe H.O.R.11/12/87.

1987

31

373

Racketeer Influenced and Corrupt Organizations Act (RICO)

Notes

Notes :Fowler West notes on RICO.

Articles :

-Racketeering Law Comes Under Attack.13p.Kenneth Jost.04/17/89.

- Advocates of RICO Revision Gird for Third Try.4p.Nadine Cohodas.02/18/89.

1989

31

374

Rule 4.5

Exclusion from the definition of Commodity Pool Operator forcertain persons

Notes on Rule 4.5by Fowler West.

Memo: FromDivision of Trading and MarketsRE Adoptionof attached draft of Rule 4.5.04/09/85.

1985

31

375

Rule 4.7

Proposedrelief from certain Part 4 requirements

Memo: FromAndrea CorcoranRE Attacheddraft of Proposedrelief from certain Part 4 requirements for CPOs andCTAs of qualifyingpools and clients.12/17/91.

1991

32

376

Schroeder, Edmund

No Action Letter

Memo:FromFowler WestTo KennethRaisler RE Proposed No-action letter ofexport company x.03/31/86.

Correspondence: FromKenneth RaislerToEdmund Schroeder,Esq.RERequested No-action letter forexport company x.02/86.

1986

32

377

Securities Acts

Amendmentsof 1990

Memo: FromJoanne Medero, General CounselREAttached Public Law No. 101-550,Securities Acts Amendmentsof 1990.11/26/90.

1990

32

378

SecuritiesMarket Reform Act of 1988

Memos:

-FromGary MadsonRE Congressman Markey s attached legislativepackage of today.07/07/88.

-FromGary MadsonRECongressional Schedule, of the100th Congress.10/24/88.-From:Gary MadsonRE MarketReform Hearing of July 14, with list of witnesses.07/13/88.

-FromGary MadsonRE Energy and Commerce CommitteeActions, with attached hearing hearing notice.07/07/88.

- FromGary MadsonRE Attachedtranscriptof hearingon drought assistance.06/23/88.

Section by Section Analysis of the SecuritiesMarket ReformAct of 1988.5p.Remarks of the Honorable EdwardMarkey, on the introduction of the Securities Market Reform Act of 1988.07/07/88.

H.R. proposed Bill, introduced by Edward Markey,The SecuritiesMarket Reform Act of 1988.19p.07/07/88.

1988

32

379

Securities and Exchange Commission(SEC)

Articles On

Articles :

-Brokers-Bankers.John Shad, Chairman SEC.11/14/82.

-Shad Sees Strong Evidence of Need for Internationalization Rule.12/20/82.

-Brokerage Industry Criticizes SEC sProposed Arbitration Rule.08/23/83.

-SECCriticized on Arbitration.Irwin Arieff.08/01/83.

-SEC Backpedals.08/09/83.

-SEC Approves AMEX Computer, Energy Stock Index Options.

-SEC ProposesPlan for Big Trader Reporting System.08/14/91.

1991

32

380

SEC

Stock Market Volatility Report

Memos:

-FromPaula Tosini, Div. of Economic AnalysisRE AttachedSEC staff report on stack market volatility.01/15/87.

-FromKenneth RaislerRE Attached Government SecuritiesAct of 1986.11/25/86.

1987

32

381

SEC

Govt. Securities Activity of a Futures Commission Merchant.

Memo:FromDivision of Trading and MarketsRE Attached SEC draft of Final Rules Concerning the GovernmentSecurities Activity of a Futures Commission Merchant.06/26/87.

1987

32

382

SEC

Correspondence to the President concerning the CFTC.

Correspondence:

- FromDavid Ruder, ChairmanSECToPresident BushRE Legislativeproposals for regulations of margins.07/06/88.

-FromDavid Ruder, ChairmanSECToPresident BushRELegislativeproposal prepared by the SEC in response to the October 1987 market crash.07/07/88.

1988

32

383

SEC

Market Crash,October 1987

Recommendations :Securities and ExchangeCommissionRecommendations Regarding the October 1987 Market Break, in the congressionaltestimony of David Ruder.26p.02/03/88.

1988

32

384

SEC

Chairman David Ruder sComments in Japan

Memo:FromMarshall HanburyRE Attachedpress release of the AmericanEmbassy in Tokyo containing the remarksof SEC commissioner DavidRuder.02/29/88.

1988

32

385

SEC

SEC Study of NYSE Trading

Memo: FromPaula Tosini, Div. of Economic AnalysisRE Attached SEC study of NYSE Trading on 04/06/88 and04/14/88.07/14/88.

1988

32

386

SEC

SEC Policy

Memos:

-FromJoanne Medero, General CounselRE Attached SECPolicy Statement.11/28/89.

-FromJoanne Medero, General CounselRE AttachedSecurities Law Enforcement RemediesAct of 1989, its impact on the CFTC.03/27/89.

1989

32

387

SEC

Chairman Richard Breeden

Quotes of Richard Breeden, from 09/15/89 to 10/11/90dealing with Margins and Jurisdiction.

Correspondence:From Richard BreedenToPatrickLeahyRE Responses to questions of Leahy.07/10/90.

Article :Breeden s War With CFTC Moves to Overseas Arena.06/25/90.

Transcript of Proceedings of a hearing of the Committee on Banking,Housing, and Urban Affairs on theSecurities Law Enforcement RemediesAct of 1989.02/01/90.

Statement of Richard Breeden before the Committee on Banking,Housing, and Urban Affairs concerning Drexel Burnham Lambert Inc. (1990).

1990

32

388

SEC

Order on Delta Government Option Corp.

Memo:FromJoanne Medero, General CounselRERecent SEC order on Delta Goverment Option Corp.03/16/90.

1990

32

389

SEC

Report on Stock Activities

Memo: FromDivisions of Trading and Marketsand Economic AnalysisREAttached SEC Report Market Analysisof October 13 and 16, 1989.01/31/91.

Correspondence: FromWendy GrammToGlennEnglishRE CFTC Analysis ofSEC sMarket Analysis of October13 and 16, 1989.06/27/90.

1990-1991

32

390

SEC

SEC Report on Regulatory Coordination

Correspondence:FromRichard BreedenToWendy GrammRE Attached SEC Report on Regulatory Coordination.05/30/91.

1991

32

391

Self- Regulation

Article :Complaints Raise Issue of Exchange Policing.Cohen and Crawford.02/28/90.

(1990)

32

392

Self- Regulation

HistoryOf Self- Regulation

Article :Commodities Exchanges as Self-RegulatingOrganizations in the Late 19th Century.Jonathan Lurie.15p.(1980).

(1980)

32

393

Senate Bill 207

Correspondence:From Wirth and BondToWendy GrammRE Attached Senate Bill 207, a Bill to improve intermarketcoordination.

1991

32

394

Short Selling

Articles :

-Selling a Stock Short is a Lot Riskier Than Buying,

-Aggressive Methods of Some Short Sellers Stir Critics to CryFoul.Dean Rotbart.09/05/85.

1985

32

395

Silver

Rosenthal Subcommittee on Silver

Report :Silver Report of the RosenthalSubcommittee.Commerce,Consumer and Monetary Affairs Subcommittee,Committee on Govt. Operations.194p.11/81.

1981


rightsideback