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ROSENTHAL v. BAGLEY

No. 78 C 1365.

450 F.Supp. 1120 (1978)

Leslie ROSENTHAL, Richard Mortell, Robert Myron, and Alan Freeman, Individually and d/b/a Rosenthal & Company, a limited partnership, Dowdex Corporation, a Delaware Corporation, Plaintiffs, v. William T. BAGLEY, Read P. Dunn, Robert L. Martin, John Rainbolt, Gary Seevers, and the Commodity Futures Trading Commission, Defendants.

United States District Court, N. D. Illinois, E. D.

May 18, 1978.

Attorney(s) appearing for the Case

Ralph A. Mantynband, Arvey, Hodes, Costello & Burman, Chicago, Ill., for plaintiffs.

Frederick T. Spindel, Commodity Futures Trading Commission, Washington, D. C., for defendants.

MEMORANDUM OPINION AND ORDER

CROWLEY, District Judge.

This is an action for declaratory and injunctive relief seeking to enjoin enforcement of Regulation 32.11 promulgated by the Commodity Futures Trading Commission (CFTC). The regulation, which purports to be temporary, makes it unlawful for any person to solicit or accept orders for, or accept money, securities, or property in connection with the purchase or sale of any commodity option as of June 1, 1978...

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