Case ID: so2d_366/html/0808-01.html
Source: Caselaw Access Project
Author: {"author": "PER CURIAM.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Jim SMITH, Attorney General, Department of Legal Affairs, State of Florida, and Janet Reno, State Attorney of the 11th Judicial Circuit of Florida, Appellants, v. GREEN VALLEY FOODS, INC., Safe Holding Corporation and P. S. G. Corporation, all Florida Corporations, Appellees.
    No. 78-742.
    District Court of Appeal of Florida, Third District.
    Jan. 9, 1979.
    Rehearing Denied Feb. 14, 1979.
    Jim Smith, Atty. Gen. and Leonard L. Elias, Asst. Atty. Gen., for appellants.
    
      Burnett Roth, Miami Beach, for appel-lees.
    Before PEARSON, BARKDULL and HUBBART, JJ.
   PER CURIAM.

The trial court held that Title 7, Section 6a, U.S. Code Annotated, creating the Commodities Futures Trading Commission, awarded exclusive jurisdiction to this Federal agency to conduct investigations of interstate commodity transactions. With this interpretation we agree. International Trading Ltd. v. Bell, 556 S.W.2d 420 (Ark.1977); State v. Monex International Limited, 527 S.W.2d 804 (Tex.Civ.App.1975); Clayton Brokerage Company of St. Louis, Inc. v. Mouer, 531 S.W.2d 805 (Tex.1975); Securities and Exchange Commission v. American Commodity Exchange, Inc., 546 F.2d 1361 (10th Cir. 1976).

Therefore, the final judgment under review be and the same is hereby affirmed. 
      
      . The State of Florida, through its appropriate officials has the power to investigate and prosecute intrastate commodity transactions, which may be fraudulent as to its citizens.