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Commodity Futures Trading Commission 

CEA CASES 

NAME: FELIX ENDICO 

DOCKET NUMBER: 146 

DATE: JUNE 16, 1967 

DOCUMENT TYPE: COMPLAINT 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Felix Endico, Respondent 

CEA Docket No. 146 

Complaint and Notice of Hearing Under Section 6(b) of the Commodity Exchange 

Act 

There is reason to believe that the respondent, Felix Endico, has violated 

the provisions of the Commodity Exchange Act (7 U.S.C. 1 et seq.) and the rules 

and regulations made pursuant thereto, and in accordance with the provisions of 

section 6(b) of the said Act (7 U.S.C. 9), this complaint and notice of hearing 

is issued stating the charges in that respect as follows: 

I 

The respondent, an individual whose address is 272 Weyman Avenue, New 

Rochelle, New York, is now, and was at all times material herein, a member of 

the New York Mercantile Exchange and a registered floor broker under the 

Commodity Exchange Act. 

II 

The New York Mercantile Exchange, hereinafter referred to as the exchange, is 

now, and was at all times material herein, a duly 

designated contract market under the Commodity Exchange Act. The trades 

involved herein were speculative trades in potato futures which the respondent 

made on the exchange for his own account. Trading in potato futures on the 

exchange was conducted, at all times material herein, in contract units 

consisting of one carlot of 50,000 pounds of Maine-grown Irish potatoes. 

III 

On December 21, 1966, the respondent sold 177 carlots of May 1967 potato 

futures. 

IV 

On February 14, 1967, the respondent purchased 169 carlots of April 1967 

potato futures. 

V 

On April 29, 1966, the respondent entered into a stipulation pursuant to 

section 0.4(a) of the Rules of Practice under the Commodity Exchange Act (17 CFR 

0.4(a)), in which stipulation the respondent: (1) admitted that on March 23, 

1966, he made speculative purchases of May 1966 potato futures, and on April 18, 

1966, he made speculative sales of May 1966 potato futures, in an amount on each 

of such days in excess of 150 carlots, the maximum amount permitted during one 

business day under the order of the Commodity Exchange Commission establishing 
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limits on positions and daily trading in potato futures (17 CFR 150.10); (2) 

agreed that he would "desist from such acts in the future"; and (3) 

agreed that the stipulation would be "admissible as evidence of such acts in any 

future proceeding based upon acts or practices in addition" to those referred to 

in the stipulation. 

VI 

By reason of the facts alleged in this complaint, the respondent wilfully 

violated section 4a of the Commodity Exchange Act (7 U.S.C. 6a) and the abovecited order of the Commodity Exchange Commission. 

WHEREFORE, it is hereby ordered that this complaint and notice of hearing be 

served upon the said respondent. The respondent will have twenty (20) days 

after the receipt of this complaint in which to file with the Hearing Clerk, 

United States Department of Agriculture, Washington, D. C. 20250, an answer with 

an original and three copies, fully and completely stating the nature of the 

defense and admitting or denying, specifically and in detail, each allegation of 

this complaint. Allegations not answered will be deemed admitted for the 

purposes of this proceeding. Failure to file an answer will constitute an 

admission of all the allegations of this complaint and a waiver of hearing. The 

filing of an answer in which all the material allegations of fact contained in 

the complaint are admitted likewise shall constitute a waiver of hearing unless 

a hearing is requested. The respondent is hereby notified that unless hearing 

is waived, a hearing will be held at 10:00 a.m., local time, on August 9, 1967, 

in New York, New York, at a place therein to be specified later, before a 

referee designated to conduct such hearing. At such hearing, the respondent 

will have the 

right to appear and show cause, if any there be, why an order should not be made 

suspending or revoking the registration of the respondent as a floor broker, and 

directing that all contract markets refuse all trading privileges to the 

respondent for such period of time as may be determined. 

It is ordered that this complaint and notice of hearing be served on the 

respondent at least twenty (20) days prior to the date set for hearing. 

Done at Washington, D. C. 

June 16, 1967 

[SEE SIGNATURE IN ORIGINAL] 

Assistant Secretary 

LOAD-DATE: June 12, 2008 
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