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Commodity Futures Trading Commission 

CEA CASES 

NAME: LAURENCE ROSENBERG 

DOCKET NUMBER: STIPULATION 129 

DATE: DECEMBER 11, 1970 

DOCUMENT TYPE: STIPULATION OF COMPLIANCE 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Laurence Rosenberg 

Stipulation of Compliance Under the Commodity Exchange Act No. 129 

The Secretary of Agriculture has reason to believe that Laurence Rosenberg 

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 Laurence Rosenberg 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 0). Therefore, 

the said Laurence Rosenberg 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) Laurence Rosenberg an individual whose address is 110 N. Franklin Street, 

Chicago, Illinois 60606 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 13, 1969, Laurence Rosenberg sold eight contracts of March 

pork bellies to Irwin Goldman who was buying for the accounts of customers of B. 

J. Lind & Company and A. G. Edwards & Sons, Inc, Laurence Rosenberg prepared 

false records to show that such trades were made with a different broker. 

The Commodity Exchange Authority has advised Laurence Rosenberg that his 

actions as described above, were in violation of section(s) 4g of the Commodity 

Exchange Act and section(s) 1.35 of the regulations under the Commodity Exchange 

Act. 

The said Laurence Rosenberg 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 

him by the Secretary of Agriculture under the provisions of the said Act. He 
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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 11 day of December, 1970 

[SEE SIGNATURE IN ORIGINAL] 

Witnessed by: 

[SEE SIGNATURE IN ORIGINAL] 

[SEE SIGNATURE IN ORIGINAL] 

LOAD-DATE: June 16, 2008 
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