PREMEX, INC. v. COMMODITY FUTURES TRADING COM'N

No. 84-7091.

785 F.2d 1403 (1986)

PREMEX, INCORPORATED, and Samuel N. Zack, Petitioners, v. COMMODITY FUTURES TRADING COMMISSION, Respondent.

United States Court of Appeals, Ninth Circuit.

Decided March 28, 1986.


Attorney(s) appearing for the Case

Donald S. Weiss, Gottlieb & Schwartz, Chicago, Ill., for petitioner.

Kenneth M. Raisler, Gen. Counsel, Pat G. Nicolette, Dep. Gen. Counsel, Whitney Adams, Dep. Gen. Counsel, H. Lowell Brown, Washington, D.C., for respondent.

Before WALLACE, CANBY and BEEZER, Circuit Judges.


CANBY, Circuit Judge:

Samuel N. Zack seeks review of a final order of the Commodities Futures Trading Commission (Commission) that revoked his registration as an associated person and imposed a civil monetary penalty. We affirm in part and reverse in part.

BACKGROUND

Zack was an officer and shareholder1 of Premex, Inc.2 Premex, a Michigan corporation, sells precious metals leverage contracts...

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