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Commodity Futures Trading Commission 

CEA CASES 

NAME: RONALD M. SCHILLER 

DOCKET NUMBER: STIPULATION 131 

DATE: DECEMBER 3, 1970 

DOCUMENT TYPE: STIPULATION OF COMPLIANCE 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Ronald M. Schiller 

Stipulation of Compliance Under the Commodity Exchange Act No. 131 

The Secretary of Agriculture has reason to believe that Ronald M. Schiller 

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 Ronald M. Schiller 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 Ronald M. Schiller 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) Ronald M. Schiller an individual whose address is 110 N. Franklin Street, 

Chicago, Illinos 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 11, 1969, Ronald M. Schiller took the opposite side of a 

customer's order for the purchase of two contracts of May pork bellies 

noncompetitively without obtaining the prior concent of such customer. The 

purchase was made by Ronald M. Schiller for the account of a customer of Francis 

I. duPont & Co. The opposite side of the transaction was made by Ronald M. 

Schiller for his own account at B. J. Lind & Company. In connection with this 

transaction Ronald M. Schiller prepared a record purporting to show that the 

opposite side of the transaction had been made with another floor broker. 

On February 12, 1969, Ronald M. Schiller took the opposite side of two 

customer's orders for the purchase of one contract on each of May pork bellies 

noncompetitively without obtaining the prior consent of such customers. The 

purchases were made by Ronald M. Schiller for the accounts of customers of 

Francis I. duPont & Co. The opposite sides of the transactions were made by 

Ronald M. Schiller for his own account by B. J. Lind & Company. In connection 

with these transactions Ronald M. Schiller prepared records purporting to show 
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that the opposite sides of the transactions had been made with another floor 

broker. 

The Commodity Exchange Authority has advised Ronald M. Schiller that his 

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

Commodity Exchange Act and section(s) 1.35 and 1.38 of the regulations under the 

Commodity Exchange Act. 

The said Ronald M. Schiller 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 

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 3 day of Dec 1970 

[SEE SIGNATURE IN ORIGINAL] 

Witnessed by: 

[SEE SIGNATURE IN ORIGINAL] 

[SEE SIGNATURE IN ORIGINAL] 

LOAD-DATE: June 16, 2008 
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