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Commodity Futures Trading Commission 

CEA CASES 

NAME: FELDSTEIN PRODUCE COMPANY, FULTON PRODUCTS CORPORATION, ALBERT FELDSTEIN, 

MEYER GETS OR MICHAEL GETS, ARANESS CORPORATION, BECKER BROKERAGE COMPANY, AND 

WOODSTOCK, INC. 

DOCKET NUMBER: 83 

DATE: MAY 9, 1958 

DOCUMENT TYPE: COMPLAINT 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Feldstein Produce Company, Fulton Products Corporation, Albert Feldstein, 

Meyer Getz or Michael Getz, Araness Corporation, Becker Brokerage Company, and 

Woodstock, Inc. Respondents 

CEA Docket No. 83 

Complaint and Notice of Hearing Under Section 6(b) of the Commodity Exchange 

Act 

There is reason to believe that the respondents, Feldstein Produce Company, 

Fulton Products Corporation, Albert Feldstein, Meyer Getz (also known as Michael 

Getz), Araness Corporation, Becker Brokerage Company, and Woodstock, Inc., have 

violated the provisions of the Commodity Exchange Act (7 U.S.C. 1952 ed., 

Chapter 1), hereinafter called the act, and the rules and regulations issued 

thereunder (17 CFR, Part I), hereinafter called the regulations, and in 

accordance with the provisions of section 6(b) of the act (7 U.S.C. 1952 ed., § 

9), this complaint and notice of hearing is issued stating the charges in that 

respect as follows: 

I 

Respondents Feldstein Produce Company and Fulton Products Corporation are 

corporations with offices and a place of business 

at 942 West Fulton Market, Chicago, Illinois. Each of the said corporations is 

now and was at all times material to this complaint engaged in the wholesale egg 

and poultry distributing business. 

II 

Respondent Albert Feldstein, an individual whose business address is 942 West 

Fulton Market, Chicago, Illinois, was at all times material to this complaint 

the general manager of respondents Feldstein Produce Company and Fulton Products 

Corporation. During the periods hereinafter specified, respondent Albert 

Feldstein traded substantially in egg futures on the Chicago Mercantile Exchange 

through several futures commission merchants, including respondents Araness 

Corporation, Becker Brokerage Company, and Woodstock, Inc., in accounts listed 

variously under the names of Albert Feldstein, Michael Getz, or Fulton Products 

Corporation, and financed by funds furnished by respondent Feldstein Produce 

Company or Fulton Products Corporation, or both. All trades and positions in 

egg futures reported to the Commodity Exchange Authority by respondent Albert 

Feldstein were reported as trades and positions of Feldstein Produce Company. 

III 

Respondent Meyer Getz, also known as Michael Getz, an individual whose 

business address is 942 West Fulton Market, Chicago, Illinois, was at all times 
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material to this complaint the vice president of respondent Fulton Products 

Corporation. 

IV 

Respondent Araness Corporation, a corporation with offices and a place of 

business at 313 No Carpenter Street, Chicago, Illinois, is now and was at all 

times material to this complaint a wholesale dealer and broker in eggs, a 

clearing member of the Chicago Mercantile Exchange, and a registered futures 

commission merchant under the Commodity Exchange Act. 

V 

Respondent Becker Brokerage Company, a corporation with offices and a place 

of business at 1008 West Randolph Street, Chicago, Illinois, is now and was at 

all times material to this complaint a wholesale dealer and broker in eggs, a 

clearing member of the Chicago Mercantile Exchange, and a registered futures 

commission merchant under the Commodity Exchange Act. 

VI 

Respondent Woodstock, Inc., a corporation with offices and a place of 

business at 1139 West Fulton Market, Chicago, Illinois, is now and was at all 

times material to this complaint a wholesale dealer and broker in eggs, a 

clearing member of the Chicago Mercantile Exchange 

and a registered futures commission merchant under the Commodity Exchange Act. 

VII 

The Chicago Mercantile Exchange is now and was at all times material to this 

complaint a duly designated contract market under the Commodity Exchange Act. 

VIII 

On each day during the periods from October 17 through October 28, 1956, from 

October 31 through November 1, 1956, from November 7 through November 25, 1956, 

from December 7 through December 20, 1956, and from March 11 through June 19, 

1957, respondent Albert Feldstein had open contract positions in egg futures on 

the Chicago Mercantile Exchange of 25 or more carlots in a single future. By 

reason thereof the said respondent was in reporting status, and was required to 

report to the Commodity Exchange Authority with respect to all transactions 

executed and all open contract positions held for his account in all egg futures 

on all boards of trade (exchanges) during the said periods, and with respect to 

all such transactions by reason of which the said respondent's positions were 

reduced below reporting levels, as provided in section 4i 

of the act (7 U.S.C. 1952 ed., § 6i) and sections 5.10, 5.11, 5.12, and 5.21 of 

the regulations (17 CFR 5.10, 5.11, 5.12, 5.21). 

IX 

On eight-eight (88) business days within the periods specified in paragraph 

VIII, while respondent Albert Feldstein was in reporting status as therein 

described, and on the five business days immediately thereafter -- viz., October 

29, 1956, November 2, 1956, November 26, 1956, December 21, 1956, June 20, 1957, 

when the said respondent's positions were reduced below 25 carlots, transactions 

in egg futures on the Chicago Mercantile Exchange were executed for his account, 

but the said respondent failed or refused to submit reports to the Commodity 

Exchange Authority with respect to such transactions, in wilful violation of the 

aforesaid provisions of the act and the regulations. 

X 
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On each day during the period from November 27, 1956 through December 6, 

1956, respondent Albert Feldstein had open contract positions in egg futures on 

the Chicago Mercantile Exchange of 25 or more carlots in a single future, by 

reason of which the said respondent was in reporting status and was required to 

file reports as described above, During this period, respondent Albert Feldstein 

submitted reports to the Commodity 

Exchange Authority but such reports did not include all open contracts in egg 

futures held or controlled by him. By reason thereof, the said respondent 

submitted false reports to the Commodity Exchange Authority, in wilful violation 

of the aforesaid provisions of the act and the regulations. 

XI 

On November 1, 7, 8, 27 and 29, 1956, respondent Albert Feldstein bought or 

sold more than 50 carlots of December 1956 or January 1957 egg futures on the 

Chicago Mercantile Exchange for speculative account, in wilful violation of 

section 4a of the act (7 U.S.C. 1952 ed., § 6a), and the order of the Commodity 

Exchange Commission establishing limits on daily trading in eggs for future 

delivery (17 CFR, 1958 Supp. 150.5(b)). 

XII 

On each day during the periods from October 18 through October 22, 1956, and 

from November 27 through December 10, 1956, and also on December 14, 1956, 

respondent Albert Feldstein held speculative net long or net short positions in 

excess of 50 carlots of December 1956 or January 1957 egg futures, or both, on 

the Chicago Mercantile Exchange, in wilful violation of section 4a of the act (7 

U.S.C. 1952 ed., § 6a), 

and the order of the Commodity Exchange Commission establishing limits on 

positions in eggs for future delivery (17 CFR, 1958 Supp. 150.5(a)). 

XIII 

On each business day during the periods from October 18 through 23, 1956, 

from October 31 through November 2, 1956, from November 9, through November 14, 

1956, from November 29 through December 12, 1956, and from March 11 through June 

20, 1957, and also on December 14 and December 17, 1956, respondents Meyer Getz 

and Fulton Products Corporation reported or caused to be reported to the 

Commodity Exchange Authority trades or positions in egg futures on the Chicago 

Mercantile Exchange as being owned or controlled by them, whereas, in truth and 

in fact and as respondents Meyer Getz and Fulton Products Corporation knew, the 

said trades and positions were owned and controlled by respondent Albert 

Feldstein. By reason thereof, respondents Meyer Getz and Fulton Products 

Corporation knowingly submitted false reports to the Commodity Exchange 

Authority, in wilful violation of section 4i of the act (17 U.S.C. 1952 ed., § 

6i). 

XIV 

During the period from October 19, 1956, through June 11, 1957, respondent 

Araness Corporation carried egg futures trades and positions 

on its books and records in the name of respondent Meyer Getz, whereas in truth 

and in fact and as respondent Araness Corporation knew, such trades and 

positions were owned and controlled by respondent Albert Feldstein. By reason 

thereof, respondent Araness Corporation knowingly failed to evidence the 

aforesaid trades and positions by a record in writing showing the true parties 

thereto, in wilful violation of section 4 of the act (7 U.S.C. 1952 ed., § 6) 

and section 1.37 of the regulations (17 CFR 1.37), and knowingly failed to keep 
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books and records pertaining to such transactions in the form and manner 

required by the Secretary of Agriculture, in wilful violation of section 4g of 

the act (7 U.S.C. 1952 ed., § 6g) and section 1.35 of the regulations (17 CFR 

1.35). 

XV 

During the period from April 30 through June 13, 1957, respondent Becker 

Brokerage Company carried egg futures trades and positions in the name of 

respondent Meyer Getz, whereas, in truth and in fact and as respondent Becker 

Brokerage Company knew, the said trades and positions were owned and controlled 

by respondent Albert Feldstein. On each business day during the period from May 

16 through June 10, 1957, respondent Becker Brokerage Company reported or caused 

such 

trades and positions to be reported to the Commodity Exchange Authority as being 

owned or controlled by respondent Meyer Getz. By reason of such acts, 

respondent Becker Brokerage Company knowingly failed to evidence the aforesaid 

trades and positions by a record in writing showing the true parties thereto, in 

wilful violation of section 4 of the act (7 U.S.C. 1952 ed., § 6) and section 

1.37 of the regulations (17 CFR 1.37), and knowingly failed to keep books and 

records pertaining to such transactions in the form and manner required by the 

Secretary of Agriculture, and knowingly submitted false reports to the Commodity 

Exchange Authority, in wilful violation of section 4g of the act (7 U.S.C. 1952 

ed., § 6g) and sections 1.35, 5.04, 5.05, 5.06, 5.07 and 5.08 of the regulations 

(17 CFR 1.35, 5.04, 5.05, 5.06, 5.07, 5.08). 

XVI 

During the period from October 12, 1956 through June 21, 1957, respondent 

Woodstock, Inc., carried egg futures trades and positions on its books and 

records in the names of respondents Meyer Getz and Fulton Products Corporation, 

whereas, in truth and in fact and as respondent Woodstock, Inc., knew, the said 

trades and positions were owned or controlled by respondent Albert Feldstein. 

On each business day during the periods from March 11 through April 18, 1957, 

from 

April 22 through May 20, 1957, from May 22 through May 29, 1957, and from May 31 

through June 19, 1957, respondent Woodstock, Inc., reported or caused such 

trades and positions to be reported to the Commodity Exchange Authority as being 

owned or controlled by respondent Meyer Getz. By reason of such acts, 

respondent Woodstock, Inc., knowingly failed to evidence the aforesaid trades 

and positions by a record in writing showing the true parties thereto, in wilful 

violation of section 4 of the act (7 U.S.C. 1952 ed., § 6) and section 1.37 of 

the regulations (17 CFR 1.37), and knowingly failed to keep books and records 

pertaining to such transactions in the form and manner required by the Secretary 

of Agriculture, and knowingly submitted false reports to the Commodity Exchange 

Authority, in wilful violation of section 4g of the act (7 U.S.C. 1952 ed., § 

6g) and sections 1.35, 5.04, 5.05, 5.06, 5.07 and 5.08 of the regulations (17 

CFR 1.35, 5.04, 5.05, 5.06, 5.07, 5.08). 

Therefore, the said respondents, Feldstein Produce Company, Fulton Products 

Corporation, Albert Feldstein, Meyer (Michael) Getz, Araness Corporation, Becker 

Brokerage Company, and Woodstock, Inc., are hereby notified to be and appear at 

a hearing to be held at 10:00 a.m., local time, on the 15th day of July, 1958, 

in Room 1200, 

 

Board of Trade Building, 141 West Jackson Boulevard, Chicago, Illinois, before a 

referee designated to conduct such hearing, and then and there show cause, if 

any there be, why an order should not be made directing that all contract 
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markets refuse all trading privileges to the respondents for such period of time 

as may be determined, and suspending or revoking the registrations of 

respondents, Araness Corporation, Becker Brokerage Company, and Woodstock, Inc., 

as futures commission merchants. The respondents will have twenty (20) days 

after the receipt of this notice of hearing in which to file with the Hearing 

Clerk, United States Department of Agriculture, Washington 25 D. C, an answer, 

with an original and 12 copies, fully and completely stating the nature of the 

defense and admitting or denying, specifically and in detail, each material and 

relevant allegation of this complaint. Allegations that are not answered will 

be deemed admitted for the purpose of this proceeding. Failure to file an 

answer will constitute a waiver of hearing. 

It is ordered that this complaint and notice of hearing be served on the 

respondents at least twenty (20) days prior to the date set for hearing. 

Done at Washington, D. C., this 

9th day of May, 1958. 

/s/ Don Paarlberg 

Don Paarlberg 

Assistant Secretary 

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