No. 89-2265.

896 F.2d 240 (1990)

BLUNT, ELLIS & LOEWI, INC., John Fromm and Peter Pfeffer, Petitioners-Appellants, v. Ronald P. HLAVINKA and Jimmie G. Davison, Respondents-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided February 16, 1990.

Attorney(s) appearing for the Case

Thomas P. Ward (argued), McBride, Baker & Coles, Chicago, Ill., for petitioners-appellants.

Jimmie G. Davison, William W. Binder (argued), Milwaukee, Wis., for respondents-appellees,

Kirk T. Manhardt, Jay L. Witkin, Joanne T. Medero, James T. Kelly, Washington, D.C., for amicus curiae Commodity Futures Trading Com'n.

Before BAUER, Chief Judge, CUMMINGS, Circuit Judge, and WILL, Senior District Judge.

CUMMINGS, Circuit Judge.

In December 1983, respondent Ronald Hlavinka initiated a reparations action before the Commodity Futures Trading Commission under Section 14 of the Commodity Exchange Act ("CEA") (codified at 7 U.S.C. § 18) against petitioners Blunt, Ellis & Loewi, Inc. and its employees, John Fromm and Peter Pfeffer, complaining that he had lost $27,5001 in trading silver futures contracts. Hlavinka claimed that this...

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