United States Seventh Circuit

In a suit by the Commodity Futures Trading Commission to force a commodity-pool operator and adviser in the derivatives business to turn over records required by statute, an injunction freezing the operator's assets and appointing a receiver is affirmed in part where, even though most of the group's business is with investors from other nations, the group registered with domestic agencies and must abide by federal law, including record-keeping and reporting requirements. The injunction is vacated where it imposes duties on other entities. An appeal of the CFTC's denial of interlocutory relief to the group during administrative proceedings is dismissed for lack of jurisdiction.

Appellate Information

• Argued 10/23/2007
• Decided 01/09/2008
• Published 01/09/2008

Judges

• EASTERBROOK, Chief Judge., Before EASTERBROOK, Chief Judge, and BAUER and MANION, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellees:
  
• William J. Nissen, Sidley Austin, James A. McGurk, Chicago, IL, for Petitioner/Defendant-Appellant., Martin B. White, Commodity Futures Trading Commission, Office of the General Counsel, Washington, DC, for Respondent/Plaintiff-Appellee.