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SILVERMAN v. COMMODITY FUTURES TRADING COM'N

No. 76-1469.

549 F.2d 28 (1977)

Jeffrey L. SILVERMAN, Petitioner, v. COMMODITY FUTURES TRADING COMMISSION, Respondent.

United States Court of Appeals, Seventh Circuit.

Decided February 16, 1977.

Attorney(s) appearing for the Case

Joel J. Bellows, Charles B. Bernstein, Chicago, Ill., for petitioner.

Howard Schneider and Joan Loizeaux, Commodity Futures Trading Commission, Washington, D.C., for respondent.

Before CUMMINGS, PELL and SPRECHER, Circuit Judges.

SPRECHER, Circuit Judge.

This appeal tests the validity of a suspension of trading privileges on commodity futures markets imposed upon an account executive in the commodity brokerage business.

I

The Commodity Futures Trading Commission (CFTC or Commission) is an independent federal regulatory agency which began operating on April 21, 1975, pursuant to the Commodity Futures Trading Commission Act of 1974 (CFTC Act or Act), Pub.L.No.93-463, 88 Stat...

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