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FREY v. COMMODITY FUTURES TRADING COM'N

No. 90-1245.

931 F.2d 1171 (1991)

George F. FREY, Jr., Petitioner, v. COMMODITY FUTURES TRADING COMMISSION, Respondent.

United States Court of Appeals, Seventh Circuit.

Decided April 30, 1991.

As Amended May 29, 1991.

Rehearing and Rehearing Denied June 11, 1991.

Attorney(s) appearing for the Case

Raymond J. Mengler, Lee A. Freeman, Jr., Freeman, Freeman & Salzman, Chicago, Ill., for petitioner.

Joanne T. Medero, Gracemary Rizzo, James T. Kelly, Commodity Futures Trading Com'n, Washington, D.C., for respondent.

Before CUMMINGS, CUDAHY and COFFEY, Circuit Judges.

Rehearing and Rehearing En Banc Denied June 11, 1991.

CUDAHY, Circuit Judge.

George Frey and Edward Cox were subjects of an extended investigation by the Commodity Exchange Authority of the U.S. Department of Agriculture and the Commodity Futures Trading Commission (CFTC) into an alleged commodities price squeeze in 1971. An ALJ found Frey and Cox guilty of price manipulation under sections 6(b) and 6(c) of the Commodity Exchange Act (CEA), 7 U.S.C. §...

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