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Commodity Futures Trading Commission 

CEA CASES 

NAME: RAYMOND G. BROWN, SR. 

CITATION: 6 Agric. Dec. 114 

DOCKET NUMBER: 40 

DATE: FEBRUARY 11, 1947 

DOCUMENT TYPE: SUPPLEMENTAL ORDER 

(A. D. 1408) 

 

IN RE RAYMOND G. BROWN, SR., ET AL. CEA Doc. No. 40. Decided February 11, 

1947. 

Extension of Suspension of Trading Privileges -- Admission by Respondents of 

Violations of Existing Order

Prior order suspending respondents' trading privileges for 90 days is 

extended for an additional period of 120 days on the ground of respondents' 

admitted violations of such prior order during its effective period. * 

* Reference to other points involved in this case will be found in 

Index-Digest in this issue of Agriculture Decisions. -- Ed. 

 

Mr. Benj. M. Holstein for complainant. Messers. Raymond G. Brown, Sr., et al.,

of Mount Airy, Maryland, pro se. Mr. Jack W. Bain, Examiner. 

Decision by Thomas J. Flavin, Judicial Officer.

SUPPLEMENTAL ORDER

In this proceeding under the Commodity Exchange Act (7 U. S. C., Chapter 1) 

an order 5 Agric. Dec. 745 (5 A. D. 745) was issued on October 16, 1946, 

 

 

suspending from November 15, 1946, through February 13, 1947, the trading 

privileges on contract markets of the respondents, Raymond G. Brown, Sr., 

Raymond G. Brown, Jr., Preston Brown, Harry C. Clower, Jr., and R. Bond Baker, 

of Mt. Airy, Maryland. On January 30, 1947, the Commodity Exchange Authority 

filed a motion to reopen, alleging that respondents had continued to trade 

during the suspension period by using the names of other persons. By an order 

(6 A. D.) issued on January 30, 1947, the proceeding was reopened and set for 

hearing on complainant's allegations in Washington, D. C., on February 6. 

Copies of this order were served on respondents by registered mail on January 

31. 

The hearing was held at the appointed time and place before Jack W. Bain, 

assigned by the Acting Chief Hearing Examiner to take the place of Examiner 

Curry, who had been unexpectedly called out of the city. Benjamin M. Holstein, 

Office of the Solicitor, appeared for complainant, but there was no appearance 

for respondents. Pursuant to section 11 (c) of the rules of practice (17 C. F. 

R., Cum. and 1945 Supps., Part 0), complainant presented its evidence. Three 

witnesses testified and nine exhibits were admitted in evidence. 

In a document mailed before the time set for the hearing but not received in 

the Department until February 7, respondents waived a hearing and admitted that 
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during the period of suspension they had opened accounts with registered futures 

commission merchants in the names of other persons, for the benefit of all 

respondents collectively, and had directed trading in those accounts in 

commodity futures on contract markets. They agreed to discontinue all such 

trading, either in their own names or the names of others, for such additional 

period as might be directed. On February 10 the Commodity Exchange Authority 

filed a recommendation that the suspension be extended for 120 days. 

Accordingly, the suspension ordered on October 16, 1946, is extended, and all 

contract markets shall refuse the respondents named above, and each of them, all 

trading privileges thereon until June 14, 1947. Copies hereof shall be served 

upon the parties or their counsel, and on each contract market. 

 

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