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Commodity Futures Trading Commission 

CEA CASES 

NAME: DOMINICK R. COMENZO 

DOCKET NUMBER: STIPULATION 51 

DATE: JANUARY 6, 1960 

DOCUMENT TYPE: STIPULATION OF COMPLIANCE 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Dominick R. Comenzo 

Stipulation of Compliance under the Commodity Exchange Act No 51 

The Secretary of Agriculture has reason to believe that Dominick R. Comenzo 

has violated the provisions of the Commodity Exchange Act (17 CFR, Chapter 1) 

and the rules and regulations of the Secretary of Agriculture promulgated 

thereunder by virtue of certain transactions in cottonseed oil futures as set 

forth below. 

No complaint with respect to such violations has been issued and the said 

Dominick R. Comenzo 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, 0.0-0.28). 

Therefore, the said Dominick R. Comenzo stipulates that the following facts 

are true: 

1. Dominick R. Comenzo is an individual whose address is 42 Broadway, New 

York 4, New York. He is a partner in the firm of D. R. Comenzo & Co. and a 

registered floor broker under the Commodity Exchange Act. 

2. On December 5, 1958, Michael J. Corrigan, a floor trader on the New York 

Produce Exchange, entered the ring and advised Dominick R. Comenzo 

and other floor traders that he had a customer's position which he wished to 

liquidate and then reinstate. 

3. Dominick R. Comenzo participated in the liquidation and reinstatement of 

the position by taking the opposite side of 5 contracts of 1959 cottonseed oil 

future in a so-called "switch" trade as set forth in the table below. 

Comenzo Bought Comenzo Sold 

5 May cottonseed oil @ 1312 5 March cottonseed oil @ 1310 

5 March cottonseed oil @ 1310 5 May cottonseed oil @ 1313 

The trades made by Dominick R. Comenzo were for the account of D. R. Comenzo 

& Co. 

The Commodity Exchange Authority has advised Dominick R. Comenzo that in its 

opinion the transactions above described are in violation of the Commodity 

Exchange Act and the regulations thereunder, particularly those provisions 

relating to "accommodation trades" and the requirement that all trading be done 

openly and competitively. 

Dominick R. Comenzo agrees to desist from such practices in the future and to 

comply fully with the requirements of the Commodity Exchange Act and the 

regulations of the Secretary of Agriculture thereunder; and specifically to 

refrain from entering into accommodation trades or executing orders otherwise 

than by open and competitive means. He further 
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understands and agrees that this stipulation shall be admissible of acts and 

practices in violation of the Commodity Exchange Act in any proceeding based 

upon transactions in addition to those referred to herein which may hereafter be 

brought by the Secretary of Agriculture against the said Dominick R. Comenzo 

under the provisions of the said act. 

Done at New York, New York, this 6th day of January 1960. 

/s/ Dominick R. Comenzo 

Dominick R. Comenzo 

Witnessed by: 

/s/ Sheldon Coopersmith 

/s/ Hugh A. Collins 

LOAD-DATE: June 16, 2008 
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