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Commodity Futures Trading Commission 

CEA CASES 

NAME: ELMER F. PUTNAM 

DOCKET NUMBER: STIPULATION 145 

DATE: NOVEMBER 8, 1973 

DOCUMENT TYPE: STIPULATION OF COMPLIANCE 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Elmer F. Putnam 

Stipulation of Compliance Under the Commodity Exchange Act No. 145 

The Secretary of Agriculture has reason to believe that Elmer F. Putnam has 

violated the provisions of the Commodity Exchange Act (7 U.S.C., Chapter 1) and 

the regulations of the Secretary of Agriculture promulgated thereunder (17 CFR, 

Chapter 1). No complaint with respect to such violations has been issued and 

said Elmer F. Putnam is desirous of disposing of the matter by entering into a 

stipulation of compliance as authorized by Section 0.4(a) of the Rules of 

Practice under the Commodity Exchange Act (17 CFR, Part 0). Therefore, the said 

Elmer F. Putnam for the purposes of this stipulation of compliance and 

administrative proceedings under the Commodity Exchange Act and for such 

purposes only, stipulates the following facts are true: 

(1) Elmer F. Putnam, an individual whose business address is 4800 Main 

Street, Room 266, Kansas City, Missouri 64112, is now and was at all times 

material herein a registered floor broker under the Commodity Exchange Act and a 

member of the Kansas City Board of Trade, a duly designated contract market 

under the Commodity Exchange Act. 

(2) On June 11 and 13, 1973, Elmer F. Putnam, while on the floor of the 

Kansas City Board of Trade, received verbal orders from customers for 

transactions in wheat futures on the Kansas City Board of Trade. Upon receipt 

of such orders, he failed to prepare a written record thereof, including the 

account identification and order number, and failed to 

record on any written record the date and time, to the nearest minute, such 

orders were received. Upon executing such orders, he failed to note on his 

trading card, or other record maintained in accordance with the requirements of 

Section 1.35 of the regulations, the time of execution. 

The Commodity Exchange Authority has advised Elmer F. Putnam that his actions 

as described above were in violation of Section 4g of the Commodity Exchange Act 

and Section 1.35 of the regulations under the Commodity Exchange Act. 

The said Elmer F. Putnam agrees to desist from such acts and practices in the 

future. He further understands and agrees that this stipulation, which the 

Secretary of Agriculture is accepting only as to the acts and practices set 

forth above, shall be admissible as evidence of such acts and practices in any 

future proceeding based upon acts or practices occurring subsequent to the date 

of his signing of this stipulation of compliance which may be brought against 

him by the Secretary of Agriculture under the provisions of the said Act. He 

also understands that it is the practice of the Commodity Exchange Authority to 

issue press releases on stipulations of compliance and to make them a matter of 

public record. 

Done at Kansas City, Missouri, 
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this day of 

8th of Nov 1973 

[SEE SIGNATURE IN ORIGINAL] 

Witnessed by: 

[SEE SIGNATURE IN ORIGINAL] 11-8-73 

[SEE SIGNATURE IN ORIGINAL] 

LOAD-DATE: June 16, 2008 
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