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Commodity Futures Trading Commission 

CEA CASES 

NAME: ROBERT MARTIN 

DOCKET NUMBER: STIPULATION 143 

DATE: MARCH 1, 1973 

DOCUMENT TYPE: STIPULATION OF COMPLIANCE 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Robert Martin 

Stipulation of Compliance Under the Commodity Exchange Act No. 143 

The Secretary of Agriculture has reason to believe that Robert Martin 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 Robert Martin 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 

Robert Martin 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) Robert Martin, an individual whose address is 19 East Ohio Street, 

Chicago, Illinois 60611, was at all times material herein a registered floor 

broker under the Commodity Exchange Act and is now and was at all such times a 

member of the Midamerica Commodity Exchange, a duly designated contract market 

under the Commodity Exchange Act. 

(2) The futures transactions hereinafter referred to relate to corn futures 

contracts on the Chicago Open Board of Trade (now known as the Midamerica 

Commodity Exchange). Each of such 

contracts called for the delivery of 1,000 bushels of corn. Such contracts 

could have been used for hedging transactions in interstate commerce in corn, or 

for determining the price basis of transactions in interstate commerce in corn, 

or for delivering corn, sold, shipped, or received in interstate commerce. 

(3) On June 21 and again on June 28, 1971, Robert Martin, acting for the 

account of customers offset an order to sell 1,000 bushels of December 1971 corn 

futures against a purchase order. 

The Commodity Exchange Authority has advised Robert Martin that his actions 

as described above, were in violation of section 4b of the Commodity Exchange 

Act and section 1.38 of the regulations under the Commodity Exchange Act. 

The said Robert Martin 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 
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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 

1st day of March 1973 

[SEE SIGNATURE IN ORIGINAL] 

Witnessed by: 

[SEE SIGNATURE IN ORIGINAL] 

[SEE SIGNATURE IN ORIGINAL] 

LOAD-DATE: June 16, 2008 
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