United States Seventh Circuit

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.