United States Ninth Circuit
Chu v. Commodoties Futures Trading Commission, 13-73294
In an investor's petition for review of an order of the Commodity Futures Trading Commission (CFTC), determining that an independent commodity trading advisor 'had actual knowledge and apparent authority' to conduct certain trades of commodities futures on behalf of the investor, the petition is denied where: 1) the Court reviews CFTC's findings under 7 U.S.C. section 9 for substantial evidence; and 2) substantial evidence supported CFTC's decision that the independent commodity trading advisor made no material misrepresentation or omission, that there was no unauthorized trading, and that the record did not support a finding of fraud.
Appellate Information
- Published 2016/05/25
Judges
- McKEOWN
Court
- United States Ninth Circuit