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Commodity Futures Trading Commission 

CEA CASES 

NAME: ROBERT E. O'GRADY 

DOCKET NUMBER: STIPULATION 126 

DATE: DECEMBER 7, 1970 

DOCUMENT TYPE: STIPULATION OF COMPLIANCE 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Robert E. O'Grady 

Stipulation of Compliance Under the Commodity Exchange Act No. 126 

The Secretary of Agriculture has reason to believe that Robert E. O'Grady 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 

the said Robert E. O'Grady 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 O). Therefore, the said 

Robert E. O'Grady 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) Robert E. O'Grady an individual whose address is 100 N. La Salle St., 4th 

Fl., Chicago, Ill. 60602 is now and was at all times material herein a 

registered floor broker under the Commodity Exchange Act and a member of the 

Chicago Mercantile Exchange, a duly designated contract market under the 

Commodity Exchange Act. 

(2) The futures transactions hereinafter referred to relate to pork belly 

futures contracts on the Chicago Mercantile Exchange. Each of such contracts 

called for the delivery of 30,000 pounds of pork bellies. Such contracts could 

have been used for hedging transactions in interstate commerce in pork bellies, 

or for determining 

the price basis of transactions in interstate commerce in pork bellies, or for 

delivering pork bellies, sold, shipped, or received in interstate commerce. 

(3) On February 14, 1969, Robert E. O'Grady assisted another broker to take 

the opposite side of a customer's order. Robert J. Murphy took the opposite 

side of a Richardson Securities, Inc., customer's order for the purchase of 

seven May pork bellies by entering into a transaction with Robert E. O'Grady who 

was acting for the account of Robert J. Murphy. 

The Commodity Exchange Authority has advised Robert E. O'Grady that his 

actions as described above, were in violation of section(s) 13(a) of the 

Commodity Exchange Act and section(s) 1.38 of the regulations under the 

Commodity Exchange Act. 

The said Robert E. O'Grady 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 
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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 Chicago, Illinois 

this 7th day of Dec 1970 

[SEE SIGNATURE IN ORIGINAL] 

Witnessed by: 

[SEE SIGNATURE IN ORIGINAL] 

[SEE SIGNATURE IN ORIGINAL] 

LOAD-DATE: June 16, 2008 
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