Page 1 

Commodity Futures Trading Commission 

CEA CASES 

NAME: HENRY S. SHATKIN 

DOCKET NUMBER: 211 

DATE: APRIL 3, 1973 

DOCUMENT TYPE: COMPLAINT 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Henry S. Shatkin, Respondent 

CEA Docket No. 211 

Complaint and Notice of Hearing Under the Commodity Exchange Act 

There is reason to believe that the respondent has violated section 4a of the 

Commodity Exchange Act (7 U.S.C. 6a) and the order of the Commodity Exchange 

Commission establishing limits on positions and trading in soybean futures (17 

CFR 150.4), and this complaint and notice of hearing is issued alleging the 

following: 

I 

Henry S. Shatkin, an individual whose business address is 141 West Jackson 

Boulevard, Chicago, Illinois 60604, is now and was at all times material herein 

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

Board of Trade of the City of Chicago, hereinafter called the Chicago Board of 

Trade. 

II 

The Chicago Board of Trade is now, and was at all times material herein, a 

duly designated contract market under the Commodity Exchange Act. 

III 

On August 26, 1971, Henry S. Shatkin violated the speculative daily trading 

limit of 3,000,000 bushels in soybean futures fixed by the 

Commodity Exchange Commission, by buying a total of 3,300,000 bushels on or 

subject to the rules of the Chicago Board of Trade as follows: 

Future Purchases 

(In thousands of bushels)

September 1971 1,345

November 1971 1,910

January 1972 20

May 1972 25

 Total 3,300

IV 

By reason of the facts alleged in this complaint, Henry S. Shatkin violated 

section 4a of the Commodity Exchange Act (7 U.S.C. 6a) and section 150.4 of the 

orders of the Commodity Exchange Commission (17 CFR 150.4). 
Page 2 

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

served upon the respondent and this proceeding shall be governed by sections 

0.1, 0.2, 0.4(b), 0.5 through 0.22 and 0.28 of the rules of practice under the 

Commodity Exchange Act (17 CFR 0.1, 0.2, 0.4(b), 0.5 through 0.22, 0.28). 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 purpose 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 of 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 in Chicago, Illinois, at a 

place therein and date 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 appropriate order should not be 

issued in accordance with the Commodity Exchange Act, (1) suspending or revoking 

the registration of the respondent as floor broker, (2) prohibiting the 

respondent from trading on or subject to the rules of any contract market, and 

directing that all contract markets refuse all trading privileges to the 

respondent for such period of time as may be determined and (3) directing that 

the respondent shall cease and desist from violating the Act and regulations in 

the manner alleged herein. 

Done at Washington, D.C. 

April 3, 1973. 

[SEE SIGNATURE IN ORIGINAL] 

CLAYTON YEUTTER 

Assistant Secretary 

LOAD-DATE: June 16, 2008 
Page 3