United States Seventh Circuit

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COMMODITY FUTURES TRADING COMM'N v. ZELENER, 03-4245

Speculative transactions in foreign currency are not contracts of sale of a commodity for future delivery, and therefore are not properly regulated by the CFTC.

Appellate Information

  • Argued 06/01/2004
  • Decided 06/30/2004
  • Published 06/30/2004

Judges

  • EASTERBROOK, Circuit Judge., Before EASTERBROOK, KANNE, and ROVNER, Circuit Judges.

Court

  • United States Seventh Circuit

Counsel

  • For Appellant:
  • Kirk T. Manhardt (argued), C. MariaDill Godel, Commodity Futures Trading Commission, Office of the General Counsel, Washington, DC, for Plaintiff-Appellant.

  • For Appellees:
  • Lloyd A. Kadish, Kadish & Associates, Scott E. Early (argued), Foley & Lardner, Chicago, IL, for Defendants-Appellees.
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