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Commodity Futures Trading Commission 

CEA CASES 

NAME: GOFFE & CARKENER, INCORPORATED, AND WADE P. OWEN 

DOCKET NUMBER: STIPULATION 72 

DATE: NOVEMBER 16, 1964 

DOCUMENT TYPE: STIPULATION OF COMPLIANCE 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Goffe & Carkener, Incorporated, and Wade P. Owen 

Stipulation of Compliance under the Commodity Exchange Act No. 72 

The Secretary of Agriculture has reason to believe that Goffe & Carkener, 

Incorporated, and Wade P. Owen have violated the provisions of the Commodity 

Exchange Act (7 U.S.C., Chapter 1) and the regulations of the Secretary of 

Agriculture promulgated thereunder. No complaint with respect to this matter 

has been issued and Goffe & Carkener, Incorporated, and Wade P. Owen are 

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, 0.0-0.28). Therefore, Goffe & Carkener, Incorporated, and 

Wade P. Owen stipulate the following facts are true: 

(1) Goffe & Carkener, Incorporated, is and was at all times mentioned herein 

a Missouri corporation and a registered futures commission merchant under the 

Commodity Exchange Act with an office and principal place of business at 1147 

Board of Trade Building, Kansas City 5, Missouri. 

(2) Wade P. Owen is and was at all times mentioned herein an employee of 

Goffe & Carkener, Incorporated, a registered floor broker under the Commodity 

Exchange Act and a member of the Kansas City Board of Trade. 

(3) During the period January 2, 1964, through June 4, 1964, Goffe & 

Carkener, Incorporated, had on its books an account for Uhlmann & Co., Inc., in 

which were carried trades in Kansas City wheat futures which had been made for 

the purpose of paying commissions to Goffe & Carkener, Incorporated, in exchange 

for commodity business which Goffe & Carkener, Incorporated, had given Uhlmann & 

Co., Inc., on other exchanges. Transactions in such account totaling purchases 

of 1,625,000 bushels and sales of 1,625,000 bushels were made by Wade P. Owen. 

(4) The acts and practices on the part of Goffe & Carkener, Incorporated, 

hereinafter described were carried out by Wade P. Owen acting in his capacity as 

floor broker and employee of Goffe & Carkener, Incorporated, and pursuant to 

instructions received by him from Goffe & Carkener, Incorporated. 

(5) The Secretary of Agriculture has advised Goffe & Carkener, Incorporated, 

and Wade P. Owen that such transactions were or were of the character of wash 

trades in violation of section 4c(A) of the Commodity Exchange Act. Goffe & 

Carkener, Incorporated, and Wade P. Owen agree to desist from such acts and 

practices in the future. They further understand and agree that this 

stipulation shall be admissible as evidence of such acts and practices in any 

future proceeding based upon acts or practices other than those referred to 

herein which may be brought by the Secretary of Agriculture against any of them 

under the provisions of the said act. They also understand that it is the 
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practice of the Commodity Exchange Authority to make stipulations of compliance 

a matter of public record. 

Done at Kansas City, Missouri, this [ILLEGIBLE TEXT] day of November 1964 

GOFFE & CARKENER, INCORPORATED 

By [SEE SIGNATURE IN ORIGINAL] 

[SEE SIGNATURE IN ORIGINAL] 

Wade P. Owen 

Witnesses: 

[SEE SIGNATURE IN ORIGINAL] 

LOAD-DATE: June 16, 2008 
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