United States Commodity Futures Trading Commission v. Hunter Wise Commodities LLC et al, No. 9:2012cv81311 - Document 77 (S.D. Fla. 2013)
Court Description: ORDER granting 4 Motion for Preliminary Injunction Signed by Judge Donald M. Middlebrooks on 2/22/2013. (sw)
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United States Commodity Futures Trading Commission v. Hunter Wise Commodities LLC et al Doc. 77 U N I ED STAT ES D I T STR I T CO U R T C SO U TH ER N D I STR I O F FL O RI A CT D Cas No.1 81 - V- l e 2- 311 CI M DDLEBROO M + M NNON UNI TED STATES COM M ODI TY FUTURES TRADI COM M I ON, NG SSI Pli if a ntf , VS. HU N TER W I COM M OD I ES,LLC, SE TI etal, . D e e nt . f nda s / O R DER TEM PO M R I A PPO I TI SPE CI CO R PO M TE M O N I R LY N NG AL TO TH I CA U SE c e bef e t Cou tu S om s or he r pon Pl i ifU nie St t s Com m odiy Fut e a ntf td ae t ur s Tr dn Co sin' (C a ig mmiso s < CFTC' M oin frP ei n r lj n to Cç to ' ( 4 ,sld ' to o r lmi ay nu cin Mo in' DE ) e ) ) De e r6,201 0n Fe ua y 22,201 t Cour hed ahe rng.Ha ng r vi we a1 oft c mbe 2. br r 3, he t l ai vi e e d l he flngsaswelast a gume sa e de epr e e a t he rng, fnd t tt M otoni due ii l he r nt nd vi nc es ntd t he a i I i ha he i s t be g a e l t M oton, he CFTC r o r nt d. n he i t eque t d t 1a poi a r c ve . tt c l i oft s e hat p nt e ei r A he onc us on he hea i t epa te pr s nt e s e t t g ve t e di nc e r d unde t c r s a s rng, hos ri s e e r que t d ha , i n he xpe e yr qui e r he icum t nce a t pot nta ha m t t Def nda sbya nt nd he e i l r o he e nt ppoi mentofar ceve , ha , las f t pr s nt e i r t t at e t or he e e , Ia ntaSpecal oniori le ofar ce ve .Thepa te a ee t t e r oft i tntOr r ppoi i M t n iu e i r ri s gr d o he nty he nsa de pe ngmye r ofamo ecomprhe i o de on t M oto f Pr lmi r lj nci ne ndi nty r e nsve r r he in or ei nay n u ton xt w e k add es i t r m a ni l gali s s e r sng he e i ng e s ue . Page 1 of 14 Dockets.Justia.com W HEREASt CFTC a t Entt De e he nd he iy f ndan sl r et ta s t oft Entt De e nt t ag e ha s e s he iy f nda s s d bepr er d and optonst ma mi t val oft Entt De e nt sope a i a houl es ve i o xi ze he ue he iy f nda s' r tons nd as e si i t be ti e es ofcr t s i t s and s r hol soft Entt De e nt; s t s n he s nt r t edior , nvesor , ha e der he iy f nda s W HEREASt CFTC a t En iy Def nda sa e t ti i i t i e e tofc edior , he nd he tt e nt gr e ha t s n he nt r s r t s i t s a s r hol r f a exa i tonoft Entt Def nt sfnanc a op i a nvesor , nd ha e de s or n m nai he iy enda s' i es nd tons nd rc e omme tonsbema t t Courabou at r tve t ma mi et ope a i a aset l nda i de o he t t le na i s o xi z he r tons nd s va ue oft Entt D e e he iy f ndant ; s W HEREASf t pur eof()pe f mi a ase s ntoft vi lt oft Entt or he pos a ror ng n ss me he abiiy he iy Deenda s ongoi busnes e e prs sa optonsa aler tvesf t f ur oft Entt f nt ' ng i s nt r ie nd i nd t na i or he ut e he iy Def nt a ( rco enda s nd b) e mmendi t t Cour t a oprae c s ofa ton f t Entt ng o he t he ppr it oure ci or he iy Def nt,t t mpor r appoi m e ofa Spe alM oniori desr e; enda s he e ay nt nt ci t s iabl W HEREAS frt pur e of()prs r i asesoft Entt Defnda sa ( o he pos a e e vng s t he iy e nt nd b) pe mitngt Entt De e a st c i nor busne soper tons t tm por r a nt t r ti he iy f nd nt o ontnue mal i s ai ,he e a y ppoi men ofaCo por t M a r ae nage i de ia e and r s sr bl; W HEREAS t i Co r h s s b e tmatrj rs ito o e t s a to a d p ro a h s u t a u j c te u idcin v r hi cin n e s n l j rs ito o e t En i De e d n s a d v nu p o el le i ti dsrc. u idcin v r he tt fn a t, n e e r p ry is n h s itit y Ac r ngl i i he e co di y, t s r by l pur esoft sOr , t t nn tEntt Def For pos hi der he e ç iy endant' i udes:Hunt W ieCom modii , s' ncl er s tes LLC,Hunt W ie Se vies LLC,Hunt W ie Cr t LLC,Hunt W ie Tr ng,LLC,Ll er s r c , er s edi. er s adi oyds Com modii LLC,Ll tes, oydsCom modii Cr di Company,LLC,Ll tes e t oydsSer ces,LLC,C . Hopki vi D. ns Fi nanci ,LLC,Har Ass tLendi Gr al d e ng oup,LLC.Bl t M et sGr acksone al oup.LLC,Newbrdge Ali i lance, I ,and Unied St esCa t Tr t LLC. nc. t at pial us , Pag 2 of 1 e 4 ORDERED AND ADJUDGED ta te Mo in f rP ei n r lj nci n ( 4 i ht h to o r l ay nu to DE ) s mi GRANTEDZasf l : olows 1 A ppoi m entof Spe i M onior and Cor at M a . nt c al t por e nager 1 Untlf t ror roft sCour,M elni Da in i he e a ove a a nt d t . i urhe de hi t a e m a s r by ppr d nd ppoi e o s r wihoutbondasSpecalM o t a Cor a eM a ge f t Entt De e nt . e ve t i nior nd por t na r or he iy f nda s 2. cure Boa d ofDiecor a alofi e soft Entt De e nt wilbea lbl The r nt r r t s nd l fc r he iy f nda s l vaia e t as it nda s t Specal oniorand Com or eM a ge , wil e r ieista tonal o ss a dvie he i M t at na r but l not xe c s t r dii f nctonsoras ume ista tonaldutesd i t i e i pe i t tt Spec a M onio a u i s t r dii i urng he nt rm rod ha he il t r nd Cor aeM a ge a ea n e TheEntt De e nt m a a a tona Boa d me be swih por t na r r ppoi t d. iy f nda s y dd ddii l r m r t t a ova oft e Cour durngt si erm perod. he ppr l h t i hi nt i i I .As e Fr e e I st ez 3 Th Co t ee ytmpoa i tk s x l iej rs ito a dp se so o t ea s t, f . e urh rb e rrl a e e cusv u id cin n o s sin f h seso y whatve ki a whe e rst t d,oft Entt Def nt f t pur e ofpr s r ng t e r nd nd r ve iua e he iy enda s or he pos e e vi he as e soft En iyDefnda s s t he tt e nt . 4. eptasot r s s cii her i al a s t oft Entt De e Exc he wie pe fed en, 1 s e s he iy f ndant a e foze untl sr r n i f t ro de oft sCour. c di l a l r onsa entteswih diec ori r tc r ove urhe r r hi t Ac or ngy, l pe s nd ii t r t ndiec ontol r a a s t oft En iy Deenda s o he t n t Cop or t M a ge ,a ehe e r tane a ny s es he tt f nt , t r ha he ae na r r r by esr i d nd e j ie fo drcl o idrcl ta frig, etn o fr c i n , h ngn , eln , ld ig n on d r m ie ty r n ie t rnsern s tig f,e evig c a ig sli g p e gn s y a sg ng,lqui tng,orot r s diposng of o wihdr wi s h a s t.Thi fe e s l s i ni i dai he wie s i , r t a ng uc s es s r ez hal i u butnotbe lmie t as e soft Entt De e nt t tar on de i wih fna a nclde, i t d o, s t he iy f nda s ha e post t i ncil z t Alhough t Courti gr i t M oton att stmesa mor compr he s antng he i hi i e ehensve or i i der s f t orhcom i ng. Pa 3 of 1 ge 4 i tt i s h asba nsiutons uc nks, oke ag fr a m u ua f . br r e ims nd t l unds 1 1 G e r Po sand Dute 1 . ne al wer is 5. Cor a eM a ge s l ha a1 The por t na r ha l ve lpowe s a ho iis rght andprvieg he eof e r , ut rte , i s i l es r t or pos e s d byt ofi r ,diecor ,a ma ge soft Entt De e nt unde a i bl sae ss e he fce s r t s nd na r he iy f nda s r pplca e t t a f de allw , t g r ng c re s by-aws a tclsa ora ee nd e r a by he ove ni ha tr . l , ri e nd/ gr ment. s 6. po r oft tuse , r cor , fc r s The we s he r tes die t s ofi e s mana r , mpl es i ve t ge s e oye ,n sment dvior , a s s a c a s and ot a nt oft Entt Def nda sa e he e s pe c ount nt, her ge s he iy e nt r r by us nded.Such pe s a rons nd e ii s l haveno a hort wih r s c t t Entt Def nda ssope a i o a s t , xc pt nttes hal ut iy t e pe t o he iy e nt ' r tons r s e s e e t t e e a m a he ea r be e e sy gr nt d by t Cor a e M a ge .The Cor a e o he xt nt s y r he xpr s l a e he por t na r por t M a ge s l as um e a c r t ope ai oft Entt De e nt a s l purue a na r ha l s nd ontol he r ton he iy f nda s nd hal s nd p es r alofiscai r e ve l t l ms. 7. pe s hol ng o cli ng a poston ofa s twih t En iy Def nt s l No r on di r a mi ny ii ny or t he tt enda s hal pos es a a hort t a tby oron be foft Entt De e n s unls s i tuced by t s s ny ut iy o c hal he iy f nda t , e s o nsr t he Co por t M a ge . r a e na r 8 Su j c t te s e ii p o iin i S cinsI tr u h XV,b lw,t Co ae . b e t o h p cfc r v so s n e to V h o g eo he port M ana rs lha t f l ngge r lpower a dute : ge hal ve he olowi ne a s nd i s A. To us r as bl e f t t d t r i t naur ,l ton a val ofal e e ona e fors o e e m ne he t e ocai nd ue l p ope t i t r t oft Entt De e nt,i udi butnotlm ie t r ry n e ess he iy f nda s ncl ng, i td o, moni s f ,s cu iis c e t ,e f ct,goods chat l,l ,pr mies e , unds e rte , r dis fe s , te s ands e s , l s s cai s rght a ot r a s t , t t r wih al r nt, pr is ea e , l m , i s nd he s e s oge he t 1 e s oft , di de ,i e e torot r i ome ati abl t r t ofwha e ki vi nds ntr s he nc trbut e he e o, t ver nd, whih t Entt De e c he iy f ndant own,pos e s ha abe fcali e es i o s s s , ve ne i i nt r t n, r c r die ty ori r ty; ontol r c l ndiecl B. Totkec t con r a pos es i ofalt Entt Def nda s pr ry a usody, tol nd s son lhe iy e nt ' ope t a r or r e ntt r t t s f a c lc , e over r ceveandt ke nd ec ds elva he eo; o ue or nd ole t r c , e i a i o pos es i fom t r pa tesal pr ry oft e Entt De enda sa nt s son r hid ri l ope t h iy f nt nd Pag 4 of 1 e 4 r or r e ntt eo; ec ds elva her t C. Tom a ge, ontoloper ea m ant i t En iy Def nda sandhol i na c r , at nd i an he tt e nt dn he pos e son,cusody and contola1p opery oft En iy De e nt , r ssi t r l r t he tt f nda s pe ng f t Or roft s Cour ; ndi urher de hi t D. To us pr pe t of t Entt Def nda s m a ng pa e s and e o ry he iy e nt , ki ym nt dibureme sa i rngexpe e a ma bene s ar s s nt nd ncuri ns s s y ce s yora s ei h dviabl nt e or na y c s ofbusne si dic r nghe dutesasCop or t M a ge di r our e i s n s ha gi r i a e na r i m ant i ngt or na y ope atonsoft enttes n i ani he di r ri he ii ; E. To t ke a a ton whih, i t t ent. oft s Or r c d ha be n a ny c i c pror o he ! y hi de , oul ve e t ke byt of er , r c or , rne s m a ge s tuse sa a nt oft a n he ûc s die t s pa t r , na r ,r t e nd ge s he Entt Def nt wihr pe tt m ant i ngt or na y o r tonsoft iy enda s t es c o i ani he di r pe a i he Com pa es ni ; F. Toenga a e pl peronsi he dic e i t a ss he i c ge nd m oy s n r s r ton o s it r n anyi ou ng t her dutes a r s i nd e ponsbiiis her unde a t contnue t nor i lte e r nd o i he mal ope a i oft e Compa es i l ng,but notlmie t a ountnt, r tons h ni , ncudi i t d o, cc a s at neys fna a orb i s a s r , e esaeag s f e i e t, tor ,i ncil usne s dvie s r al t t ent , or nsc xpers orbr r ; oke s G. To t s h a ton asnec s r a a oprae f t pr s va in of ake uc ci es a y nd ppr it or he e er to pr ryoft Entt De e nt ort pr venthedispai or on am e ope t he iy f nda s o e t s i ton c ce l nt ofpr ry oft Entt Def nda s ope t he iy e nt ; H. To pur ue,r ss a de e a ls t,ac i ,cli a demandswhih s e it nd f nd l uis tons a ms nd c m a now be pen ng orwhi h ma be b ou by oras e td a i tt y di c y r ght s re ga ns he En iy De en n s a tt f da t ; nd To tke s h o he a i asm a b a ove by t sCour. a uc t r eton y e ppr d hi t g. ihi 5 da oft e r oft sOr , heCor a eM ana rs lr por t t CFTC W t n ys he nty hi der t por t ge hal e t o he a t wha aci s wilunde tket f fl hi dutesa t Com or t M a so t tons he l ra o ulil s i s he a e nage . r I Ac s t I or aton V. ce s o nf m i 1 TheEntt Def nda sa t pas a orpr e ofi e s die t s a nt , nage s 0. iy e nt nd he t nd/ es nt fc r , r c or , ge s ma r, ge r a dlm ie pa t r ,r t s at ys a coun a sa empl esoft Entt Def ant, neal n i td rne s tusee , tome , c t nt nd oye he iy end s a wela t ea tngi t i pl e a ehe e or r d a die t dt pr e vea t ' ove t t e s l s hos c i n her ac , r r by de e nd r c e o es r nd ul n ro h Pa 5 of 1 ge 4 Spe a M oniorand Com or t M a ge f t t a 1pa a e e to ci o ma i of a or cil t a e na r orhwih 1 per nd l cr ni nf r ton , nd/ r ltng t t En iy De e n s a orispr t s h i or a in s li ude butnotbe ea i o, he tt f nda t nd/ t opery; uc nf m to hal ncl lmied t books r or ,d i t o , ec ds ocume s a ount a a1 ot ri tu nt , cc s nd l he nsr ment a pape s s nd r. The En iy De e tt f ndan s s pa t a or pr s ofier ,diecor , a nt ,at ne , t ' s nd/ e ent fc s r t s ge s tor ys m a ge s s r hol r ,empl s a co t nt .de o s c e t s,ma ge s a ge r a na r , ha e de s oyee , c un a s bt r , r dior na r nd ne al nd lm ie pa t r ,a o herappr it p s o e iis s la we underoa h t t Specal i td rne s nd t oprae erons r ntte hal ns r t o he i M oniora Com or t M a ge a lquesi whih t Spe i lM oniora Cor a eM a ge t nd a e na r 1 tons c he c a t nd por t na r ma putt t y o hem a pr e aldoc nt a r quied by t Spe alM oniora Cor ae nd oduc l ume s s e r he ci t nd por t M a ge r ga di t busnes oft Entt Def nda s o a ot r ma tr r lva t t t na r e r ng he i s he iy e nt , r ny he te ee n o he o r ton oradmi sr ton oft En iy De e pe a i nita i he tt f ndan sort coleci off t he l ton unds due t Am e i n o rca Re t l t eve t tt Specal onioro Cor r eM a ge de m si ne es a yt r quiet al n he ntha he y. i M t r po at na r e t c s r o e r he a ppea a e oft a or m e i d peronsore iis t Spe i lM o t orCom or t M a e r nc he f e ntone s ntte , he c a nior a e nag r s lma isdico y r ue t i a cor ewiht Fe r lRul sofCi lPr e e, hal ke t s ver eq ss n c danc t he de a e vi oc dur V.Acc s t Books Rec dsand Ae ount es o , or c s 1 TheSpecal oniora Cor aeM a g a ea h ie ot i dit pos e son 2. i M t nd por t na er r ut orz dt ake mme ae s s i ofal ba a ount orot fna ila count ,books a r co dsa al ot doc e t or 1 nk cc s her i nca c s nd e r nd l her um n s i tume sr ai t t Entt Def nt nsr nt eltng o he iy enda s. 1 Any pe s r c i ng notc oft sOr rbype s 3. r ons e e vi i e hi de r onals r i e, ac i l ta mison e v c f smie r ns s i oro he wi e ha ng pos es i oft pr ry, i s , t r s , vi s son he ope t busne s books r c ds a co t ora s t oft , e or , c un s s e s he Entt Def nda sa e he e die t d t de i rt s m e t t Spe alM oniora Cor ae iy e nt r r by r c e o lve he a o he ci t nd por t M a ger t i ag t a orempl es na , her en s nd/ oye . 1 Alba , oke a fr ,i ncalns iutons a ot rpe s o en ii whihha 4. l nks br r ge ims tna i i tt i , nd he r ons r ttes c ve Pa 6 of 1 ge 4 pos e son,c t orc r ofa a s t orf s s i usody ontol ny s es undshed by, n t na of orf t be ftof l i he me , or he nei , die tyori r cl andof heEntt Def nda st r c veacual i eoft sOr rbyperonal r c l ndie ty, t iy e nt hat e ei t notc hi de s s vie, a i l ta mi so orot r s s l er c f csmie r ns s i n he wie hal: Not lqui e, ta f r s l con y o o he wie tanser a a s t , i dat r ns e , el, ve r t r s r f ny s e s s urte ,f , a count i t na o o f rt be ftofTheEntt ec iis unds or c s n he me f r o he ne iy De e nt e e upo i tuc i fom t Co o ae M a ge ; f nda s xc pt n nsr tons r he m r t na r Not r iea f m ofs tof , l eds tof, ins an f ofs fhep exe c s ny or e- f aleg e - f le or y onn el- l wha s ver or r f e t ta f r an f t oe , e us o r nse y unds o a s t t t Cor ae r s e s o he por t M ana rsc r wihoutt pe s i oft sCour;a ge ' ontol t he nnison hi t nd Coope a e e dii l i pr di i or ton a ta f ri f nds r t xpe tousy n ovi ng nf ma i nd r ns e rng u , a s t a a count t t Cor a e M a ge or a t die ton of t s e s nd c s o he por t na r t he r c i he Com or t M a ge . a e na r VI Ac s t Per onalPr r y . ce s o s ope t 1 5. TheCop or t M a ge i a horz t t kei me a epos es i n ofal peronal a e na r s ut ied o a m dit s so l s p ope t heEntt De e nt , r ve l aed,ncl ngbu r ryoft iy f nda s whe e r oc t i udi tnot i t dt e e tonial sor d Imie o l cr c l t e y i or ton, omput r ,lpt , r drve ,e e na sor e drves a a ot rs h me or nf ma i c e s a ops ha d i s xtr l t ag i , nd ny he uc m y, m e a o eecr c sor di r l toni t age de ce , books pa r , daa pr es i r c ds, e de e of vi s , pe s t oc sng e or vi nc i bt dnes ,ba r c ds a d a coun s s vi gs r or a a c s br r r or a nde e s nk e or n c t , a n ec ds nd c ount , oke age ec ds nd a ount,ce tfc t sofde i,soc ,bonds de nt e ,and ot s c iisand i sment, cc s rii a e post t ks , be ur s her e urte nve t s c ta t , t s f niur , tces isa e pm e . Cop or t M a e s l m a on r c s morgage , ur t e ofl upple nd qui nt The a e nag r ha l ke a 1r c dso t Entt De e 1 e or f he iy f ndan sa ia et t Spe i M onior t va lbl o he cal t . 1 TheCor aeM a ge i a horz t ope al mai die t d t orr cevedbyorat he 6. por t na r s ut ied o n 1 l r c e o e i t ofi e or tofieboxe oft Entt Def nda s a t i pec almaiope dprort t en r tc s pos fc s he iy e nt , nd o ns t 1 l ne i o he ty oft sOr r t deer i wheherie sori o ma i t r n f l wihi t m a t oft s hi de , o t m ne t tm nf r ton he ei a l t n he ndaes hi Or r de . Pa 7 of 1 ge 4 17. Upon t r ues oft Cor a eM a ger t Unie St esM a s Ser c i an he eq t he por t na , he t d at r hal vie, n y j d ca d src,s rb o d rdt a ss teCo p rt M a a e i c ryn o t sd te t tk u iil ititi hee y r e e o sith r o ae n g r n a r ig u hi u is o a e pos e son, usod a c r of o i ntf t l a i of a as e s r co dsorot rma e i s s s i c t y nd ontol , r de iy he oc ton , ny s t , e r he t ral bel ng t t Entt Def nda s ongi o he iy e nt . V I . otce t Thi d Par i s IN i o r te 1 The Spe alM onio a Com or t M a er s l ompty gi notc of t i 8. ci t r nd a e nag halpr l ve ie her ap n me s as t Spe a M onior a Cor ae M a poit nt , he cil t nd por t nage de ne es a y or a s bl t r em c s r dvia e o e f c uaet ope a i oft ra nt nt . fe t t he r ton hei ppoi me s 1 A1 pe s a e ii sowi an oblga i orde t t En iyDe e nt s luntl 9. 1 r ons nd ntte ng y i ton bt o he tt f nda s hal, i f t ror r d by t sCour, y als oblga i i a or nc wih t t r st r t t urhe de e hi t pa l uch i tons n cc da e t he e m he eof o he Co or t M a ge a isr e ptf s h pa e t s l ha t s m ef cea efec asi t m a e na r nd t ec i or uc ym n s hal ve he a or nd f t f he Entt De enda sha r ceved s h pay e . iy f nt d e i uc m nt 20. Cop or t M a The a e nage i a horz t i tu tt Unie St t Posm a trt hol r s ut ied o nsr c he t d aes t se o d a / r r ema lwhih i r lt d, r ty o i r ty, o t busne s o r tonsora tvii nd or e out i c s e ae diec l r ndiec l t he i s , pe a i c i tes oft EniyDee nt (hefcor aeMa rsM a1) i udi almaia e s t orf he tt fnda s t k port nage' i' ,ncl ng l l ddrsed o, or ' t be ftof t Entt De end s. Posm a t rs l notc pl wih, nd s lm medit l he nei , he iy f ant The t se hal om y t a hal i a ey r p t o t Cor ae M ana r a c ngeofa e so o he i t c i n gi n by a one o he e or t he por t ge , ny ha ddr s r t r nsnlto ve ny t r t nt Cor aeM ana rconc r ngt eCor aeM ana rsM al TheEntt De e nt s l ha he por t ge e ni h por t ge ' i. iy f nda s hal noto a oft Com or t M ana rsM aia s l mmedit yt novers m alr r es pen ny he ae ge ' l nd hali ael ur uch i,ega dl s ofwhe r ceve t t Com or t M a ge . 1pe s n e i d, o he ae na r A1 ronalmai ofa i vi ,a ora mai l ny ndi dual nd/ ny l a a i t c ai prvie d i o ma i a oranym a lnotf lng wihi t m a t oft ppe rng o ont n i lge nf r ton, nd/ i ali t n he nda e he Cor ae M a ge ,s l be r l s d t t na e a e s by t Co por t M a er Th por t na r ha l eea e o he m d ddr s ee he r ae nag . e Pag 8of 1 e 4 f ego ngi tuci s la yt a pr it , or i nsr tons hal ppl o ny opre or whet ri vi lore iy, a prvaema l he ndi dua ntt of ny i t i box, post y, i s ors r i orm alc i ordei r s r i hie r nt orus d byt de ior busne s e vce, i ourer lve y e vce, r d, e ed e he Entt Def nt TheEntt Def nda ss l notope ane ma l ort any sepsormak iy enda s. iy e nt hal n w ibox, ake t e an ar ng nt t r c vem ali co r ve i oft sOr ,whe he t ough t U. m a l a y r a eme s o e ei i n nta nton hi der t r hr he S. i, prvae ma lde io yorc i rs r c i t i post r oure e vie. 21.The Cor ae M ana ri a horze t as e t pr e t a / ne i t a cli por t ge s ut i d o s r, os cu e nd or gotae ny a m unde a i ur nce polcy hel b oris on be l oft Entt Def nda s orisofi e s r ny ns a i d y sued ha f he iy e nt , t fc r , diecor , ge s empl esortusee , nd t t a y a al a opra ese i c r t s a nt , oye r t s a o ake n nd 1 ppr it t ps n onne tonwih ci t s h polces uc ii . VI l I unci Agai tl ere ence I . nj ton ns nt f r 22. Entt De e nt a alpe s r c i ngnotc oft sOr rbyperona s r ce The iy f nda s nd l r ons e e vi ie hi de s l e vi , fc i l o ohewie aeh rb r sri e a d e j n d fo dr cl o i drcl tk n a y a smie r t r s , r ee y etan d n noie r m ie t r n ie ty a i g n y aci n o c usng a y a ton t be t ke wihoutt expr s wrte ag ee t oft Spe al to r a i n c i o a n, t he e s it n r men he ci M oniorand Cop o at M a t r e nage ,whih woul r c d: A. I e f r wiht Cor a eM a erse f t t t keco r , s s i or nt re e t he por t nag ' fors o a ntolpos e son, m a eme ofan t Entt De e nt pr ry;s h pr bie a to nag nt y he iy f nda s ope t uc ohi t d c i ns i ude ' a e notlm ie t usng s l- l ore c i oris ng or ncl but r i t d o, i e fhep xe utng s ui c i t e uton or is nc of a c t a t hme , s ausng he xec i s ua e ny our tac nt ubpoe na, r plvi exe ton, ot rpr es f hepur eofi e e n, cu i or he oc s ort pos mpoundi ortki ng a ng pos e son ofo i ererng wih orc eai orenf ci ale upon a of s si r nt f i t r tng or ng i n ny t Entt De e nt 'pr ry; he iy f nda s ope t B. Hi r obsr t or o he wie i e f r wih t Spe a M onior a nde , tuc t r s nt re e t he cil t nd Cor a tM ana ri hep f ma eof hc r tes s hpr bie a tons por t ge nt eror nc t i du i ; uc ohi t d c i i l buta enotlm ie t c ea i de toyi orat i r or or ncude r i t d o, onc lng, sr ng lerng ec ds i or a i nf m ton; Dispae or ot r s di i s t vaue ofa t Entt De e nt ' si t he wie m ni h he l ny he iy f nda s pr ry;s pr bie aci i l e buta e notlm hed t r e i ope t uch ohi t d tons ncud r i o, elasng Pa 9 of 1 ge 4 cai s or diposng,tans e rng,e lm s i r f ri xcha ng,as i ng or i a wa ngi sgni n ny y c n e n a y o te En i De e d n s p o e t,e f ri j d me t, o v yig n f h t y fn a t' r p ry n o cng u g n s t a s s m e s or cai s a i t a En iy De e s e s nt l m ga ns ny tt f ndant or is pr ry, s t ope t a tm ptngt m odiy, a eltnni t , al, xtnguih,evokeora cee ae te i o f c nc ,e na e c le i s r c lr t (heduedae, a las l n, rga i e s ,e urt a e me t t)of ny e e,oa mo t ge,ndebtdne s sc iy gre nt o ot ra e nte cutd by The Entt De e n sorwhih o he wie r he gr eme xe e iy f nda t c t r s a f c sa y ofispr pe t or fe t n t o ry; D. I erer wih orha a s t Spe i M o t a Cor ort M a ge ,or nt f e t r s he cal nior nd p ae na r itreei a yma n r t t ee cu ie u idcino ti Co ro e Th n efr n n n e wi h x lsv j rs ito fh s u t v r e h Entt De en n s iy f da t . 23. lDe e n s i l ngt idi dualDef nt i t sa i s l coope a ewih Al f nda t , ncudi he n vi enda s n hi cton, ha l rt t a a ss t Spec a M oniora Com ort M a nd s it he il t nd ae nage i t pe f manc oft i du i . r n he ror e he r tes 2 TheSpe i M oniorand Cor a eM a ge s lpr m p l notf t Cour a CFTC 4. cal t por t na r hal o ty iy he t nd co e o a f iur ora e tf l eofa pe s ore iyt c uns l f ny al e ppar n aiur ny r on ntt o ompl i a wa wiht t ms y n ny y t he er oft sOr r hi de . l St y ofLii i X. a tgaton 25.Exce f t i t nta ton,t De a a o y Ac i c rnty pendi be we n t e pt or he nsa c i he clr t r ton ure l ng t e h Huntr W ie De en n s a t CFTC i t Ea tr Ditit of llnoi ,a a polc or e s f da t nd he n he se n src li s nd ny i e r gult y a tonsa a i oft CFTC r l td t t a e a or ci nd ctons he e ae o he bove- ptone e or eme a ton, nd ca i d nf c nt ci a wih t f t rexc pton asnot i Pa ag a 28,t f l ng pr e ngsar sa untl t he urhe e i ed n r r ph he olowi oce di e t yed i f t rOr roft sCo t urhe de hi ur: i t d o, nkr pty A1 cvi lgal pr e ngs of a naur , i udi but not lmie t ba u c 1 i l e oce di ny t e ncl ng, p oce di ,a bir ton pr ee ng ,f e os e a tons de a t pr e ngs or ot e r e ngs r ta i oc di s or cl ur c i , f ul oc edi , hr a tonsofa naur i vi ( t Spe a M oniora Cor aeM a ge,i t r ci ny t e nvol ng: a) he cil t nd port na r n hei c pa te a SpecalMoniora Cor aeM a ge ;b)a Entt Dee nt pr ry, a ciis s i t nd port na r ( ny iy fnda s ope t whee r l ae ()The Entt Dee nt,i l ng s i ais pa t rhi ,a rve oc td; c iy fnda s ncudi ubsdire , rnes ps nd e iisowne orc r ldbyTheEntt Dee t or( a yoft Entt Dee anss ntte d ontole iy fndans; ,d) n he iy fnd t' pas orpr s n ofi r , r t s ma t e e t fce s diecor , nage s ag t , ge a orlmie pa t ss d f , r , en s or ner l i t d rner ue or ori c n onne tonwih, a ton tkenbyt m whiea tngi s h ca ciy ofan naur ci t any c i a he l c i n uc pa t y t e, whehe a pli ifdeenda ,hid- t pli ift r pa t dee ntorohe wie(uc t r s antf, f ntt r pary antf,hid- ry fnda , t r s s h Pa 1 o 1 ge 0 f 4 pr ee ngsaeheei ferrfre t a i ilr Pr e ngs'. oc di r r na t ecrd o s ' lay oc edi ' Anc ) 26 Th p rist a y a d a1An ilr Pr c e ig ae e j n d fo c mme cn o . e a te o n n 1 clay o e dn s r noie r m o n ig r con i ng a s h l alpr e di orf o t ki a a i i c neci wih a y s h tnui ny uc eg oc e ng, r m a ng ny cton, n on ton t n uc pr e di i l ng, no lmie t t is nc ore oymen ofpr s , oc e ng, ncudi but t i t d o, he s ua e mpl t oce s 27,Al Ancla y Pr e ngs ar sa d i t i e iet a al Cours ha ng a 1 ilr oc edi e t ye n her ntr y, nd l t vi ny j rs ito t ee ae e j ie fo tkngo p r tig a ya to u i f rh rOr e o t i u idcin h rof r n on d r m a i r emi n n ci n ntl u te d r f h s t Cour. t r ast ac us ofac i a cr d ora r ngi f voroft Entt Defnda sa i t t Furhe , o a e ton c ue cc ui n a he iy e nt ga ns at r pe s n orpa t anya ia esa u eoflmia i i t l d durng t pe i i whi t s hid r o ry, pplc bl t t t i t ton s ole i he rod n ch hi ij n to a an tc mme c me to lg l o e dig i i efc a t t a c u eo a to nu cin g is o n e n f e a prc e n s s n fe t s o h t a s f cin. 28. S ilr Pr e di ' s c fc l exc ud a pe ng ltga i i whih a s la y oc e ngs' pe ii aly l es ny ndi ii ton n Anc c ny De e nti a pa t W ih r pe t t e pr ee ngs t M onior s l r vi t f nda s ry. t es ct o hos oc di , he t hal e ew hem a nd rcomme f t ra ton wihi 30 d . e nd urhe c i tn ays X .M anagi A s e s ng s t 29.The Cor a e M a ge may esa ih one o mor c t a a c s a a f r l por t na r tbls r e usodil c ount t ede aly i ur ba t r c vea hol al f dsoft Entt De enda s. ns ed nk o e ei nd d l un he iy f nt Suchde i a ount s l be post cc s ha l e t ld k r oaeM a a e ' Ac o n f r( tt De e d n l' n ie ' p r t n g rs c u t o En i fn a t. t Co y ' X I C onni t ofI e s . c s nt re t 3 TheSpe al oniora Cor or t M a ge haveac i ngdut t e ur t tt r 0. ci M t nd p ae na r ontnui y o ns e ha he e a eno co lc sofi t r tbet e t Spe i M onior Com o at M a ge ,hera nt ,a t r ntit n e es we n he cal t , r e na r t i ge s nd he Entt De e nt , iy f nda s XI . m iatonson Li lt o Spe alM onior Corporat M anagerand Di c or I Li t i abiiy f ci t , e re t s 31. i f t rOr oft sCo tt Spe i lM o t a Cor a eM a e s l not Untl urhe der hi ur, he c a nior nd por t nag r ha l Pa 11 of 1 ge 4 be r quied t pos bond or gve a unde tki ofany t i co c i wih t i fduc a y e r o t i n ra ng ype n nne ton t her i i r oblg tonsi t sm at r i a i n hi te . 32.Durng t i e i p i oft sOr r t Spe alM onior Cor or t M ana ra i he ntrm erod hi de , he ci t , p ae ge nd teia nt, a membe oft BoadofDie or oft Eniis(s r t ' a tngwihi s h r ge sor ny r he r rct s he tte k ecor' ci t n cope Di ) ofs hag ya een il t r y onal outt ng r e ofl a Or r oft sCour a s al uc enc r tted o el l sandi uls aw nd de s hi t nd h l n tb l bl t a y n f r h i o g o f i c mpin ewi a yo d r r l,a j d me t o o e i e o n o e o t er wn o d at o l c t n r e , ue lw,u g n , r a h a h de r e.nnoe ts l heSpe a M onior Cop or t M a ce l ven halt cil t , ae nage ort i a nt orDiecorbela e r he r ge s r t i bl t an o yonef t i good f ih c or her at ompla wiht i dute a r ponsbiii asSpe i M o t , ince t her i s nd es i ltes cal nior Cop or t M a ge ort ra nt , Die or nors l t Spe alM onior Com or t M a ge a e na r hei ge s or r ct , ha l he ci t , a e na r o t rag sorDie t rbela et a r hei ent rco i bl o nyonef a ac i t n orom it d byt m e ptupon or ny tons ake te he xce a fndi by t sCour t tt y a t d orf ie t a ta a r ul ofma f a a ,ba f ih,gr s i ng hi t ha he c e a ld o c s es t le s nce d at os ne i nc o i r ckl sdir ga d oft i dute .Thi pr vii doe nota yt a a tonso glge e, r n e es s e r her i s s o son s ppl o ny c i r f iur t a ta ar s tofm alea a e, d f ih,g os ne i nc ori r c es dir ga d oft al e o c s e ul f s nc ba at r s glge e, n e kl s s e r he Die t ' dute prort t Comm ison' l ui i t smat r r cors i s i o he s i s aws t n hi te , 3 Thi Co r s al eanj rs ito o e a ya to fld a an tt eS ca Mo io , 3. s u t h l r ti u idcin v r n cin ie g i s h pe il n tr Cor ae M a ge ort i a nt oraDiecorbas upon acsorom isonsc mit i t r por t na r he r ge s r t ed t si om ted n hei r e en a i ca z tes epr s t tve pa ii . 3 l t e tt SpecalM oniororCor ae M a e de de t r sgn,t Spe al 4. n he ven he i t por t nag r ci s o e i he ci M oniororCop or t M a ge s l fr tgi wrte no i t t Comm ison' couns ofr or t a e na r ha l is ve it n tce o he si s el ec d a t Cour ofisi e i a t r sgnato s lnotbe e f c i untlt Cour a nt a nd he t t nt nton, nd he e i i n hal fe tve i he t ppoi s s c s .The SpecalM oniora Com or t M a ge s l t n f l s h i tuc i a t uc es or i t nd a e na r hal he olow uc nsr tons s he Cour m a pr de. r m e be s m a r s gn w ih notc t ora ovaloft Cour . t y ovi Boa d m r y e i t ie o ppr he t Pa 1 of 1 ge 2 4 X I l. e om m e I R c ndatons and R e i port s 35. Uponhe a nt nt t Spe a M oniors l pe f m anas e s ntoft vi biiy r ppoi me , he cil t ha l ror s s me he a lt oft Entt De t nt asa goi busne se ep rs a optonsa aler tve f rt f ur he iy f nda s ng i s nt ie nd i nd t na i s o he ut e oft Entte . he ii s 36.W ihi 30 da oft enty dae oft sOr r t Spe alM onio s l fl wih t tn ys he r t hi de , he ci t r ha l ie t he Cour a s r ont pari ar por ofhi c usonsa r c me tons t nd e ve he tes e t s oncl i nd e om ndai . 37.The Cou twilhol a hea i on t r comme ton oft Spe alM onio a tr r l d rng he e ndai he ci t r fe a p o raen tc t itrse p riswh h v sa d n t a s r ters p r o o j cint t e p r p it o ie o n ee td a t e o a e tn i g o s e th i u po t r be to o h rc e omm e ton oft Speca M onior ndai he il t . XI . e .Expe e and Acc V Fe s ns s ount ngs i 38. Spe i lM oniorandCor aeM a ge n dnotobt nCo t ppr lp i t t The c a t por t na r ee ai ur a ova ror o he dibur e nt of t Entt De e n s s f s s me he iy f nda t ' unds f r e ns i t o di r co s of t e o xpe es n he r na y ure h a i sr to a ma dm nitai n nd nage ntof t Entt De e nt .Furhe ,prorCo tappr me he iy f nda s t r i ur ovali not s r quie f pa nt o a i a ef de a , t t orl alt xe e r d or yme s f pplc bl e r l sae oc a s. 39, Cop or t M a e s lc ul wih t CFTC i a nceofa y e ndiur of The a e nag r hal ons t t he n dva n xpe t e $ 00 o mor a ort diposton orac ston ofa r alorpe s pr ry. 2, 0 r e nd/ he s ii quiii ny e r onal ope t 40.As t Cou tde e m i , he Spe i lM oniora Cor a e M a ge a e e ild t he r t r nes t ca t nd por t na r r ntte o c pe ai n de d t ber s om ns to eme o ea onabl a a opra ef t i wor a t wor oft i a nt . e nd ppr it or her k nd he k her ge s The Spe i l M onior and Cop or t M ana r s l peii t Cour f pa nt of s ca t ae ge hal tton he t or yme uch c pens i om aton. XV.Pre er i ofRi sand Prvie s s vaton ght i l ge 4l Not ngi t sOr rs l c tue t r quiet ta De e nt a ndo orwa ve . hi n hi de halbe onsr d o e r ha ny f nda s ba n i Pa 1 of 1 ge 3 4 a y c tt i orl lprvieg whi t y m a havea ia et t . n onsiutonal ega i l e ch he y va lbl o hem Pl BahF ',i2ndyf a ec. t ts2 ao m h d DO NE AND ORDERED i Chambe sa W e t n r t s Fe ua y,201 br r 3. .s . z , X Z .. < . . . DONALD M .M I DDLEBROOKS UNI TED STATES DI STRI J CT UDGE Copi st e o: Couns lofRe r e co d Pa 1 of 1 ge 4 4
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