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Commodity Futures Trading Commission 

CEA CASES 

NAME: GEORGE REX ANDREWS 

DOCKET NUMBER: 195 

DATE: AUGUST 25, 1972 

DOCUMENT TYPE: COMPLAINT 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: George Rex Andrews, Respondent 

CEA Docket No. 195 

Complaint and Notice of Hearing Under the Commodity Exchange Act 

There is reason to believe that the respondent has violated the Commodity 

Exchange Act (7 U.S.C. 1 et seq.) and this complaint and notice of hearing is 

issued stating the charges in that respect as follows: 

I 

Respondent, George Rex Andrews, an individual whose address is 159 Ponce de 

Leon Drive, Ormond Beach, Florida, was at all times material herein a salesman 

of duPont Glore Forgan Incorporated, a brokerage firm dealing in securities and 

commodities. At all such times the said firm was a registered futures 

commission merchant under the Commodity Exchange Act and entitled to membership 

privileges on various contract markets. 

II 

At all times material herein, John F. Selle, an individual, maintained stock 

and commodity futures trading accounts at duPont Glore Forgan Incorporated. 

III 

During the period from June 25 through August 14, 1970, the respondent, 

acting without the knowledge or authorization of John F. Selle: (1) transferred 

approximately $ 14,000 from John F. Selle's stock account to the regulated 

commodity account of John F. Selle and thereafter transferred a portion of the 

said amount to the non-regulated commodity account of John F. Selle; and (2) 

made trades in the regulated and nonregulated commodity accounts of John F. 

Selle. 

To further such course of conduct, the respondent, at various times during 

such period deceived John F. Selle as to the true status of his accounts. The 

trades so made subsequently were closed out at prices which resulted in the loss 

of the entire $ 14,000. 

IV 

The transactions in commodity futures referred to in this complaint were 

capable of being used for hedging transactions in interstate commerce in such 

commodities or the products or by-products thereof, or for determining the price 

basis of transactions in interstate commerce in such commodities sold, shipped 

or received in interstate commerce, or for delivering such commodities sold, 

shipped or received in interstate commerce for the fulfillment of such futures 

contracts. 

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

violated sections 4b, 4d and 9 of the Commodity Exchange Act (7 U.S.C. 6b, 6d 

and 13), and section 1.20 of the regulations thereunder (17 CFR 1.20). 

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 Jacksonville, Florida 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) 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 (2) directing that the respondent shall cease and 

desist from violating the Act and regulations in the manner alleged herein. 

Done at Washington, D. C. 

August 25, 1972 

[SEE SIGNATURE IN ORIGINAL] 

Richard E. Lyng 

Assistant Secretary 

LOAD-DATE: June 16, 2008 
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