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Commodity Futures Trading Commission 

CEA CASES 

NAME: DUNBEATH-HAGEN CORP., AND CHRISTIAN S. MORANTE 

DOCKET NUMBER: 134 

DATE: DECEMBER 30, 1965 

DOCUMENT TYPE: COMPLAINT 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Dunbeath-Hagen Corp., and Christian S. Morante, Respondents 

CEA Docket No. 134 

Complaint and Notice of Hearing under Section 6(b) of the Commodity Exchange 

Act 

There is reason to believe that the respondents, Dunbeath-Hagen Corp. and 

Christian S. Morante, have violated the Commodity Exchange Act (7 U.S.C. 1 et 

seq.) and the regulations made pursuant thereto (17 CFR, Part 1), and in 

accordance with the provisions of section 6(b) of the said act (7 U.S.C. 9), 

this complaint and notice of hearing is issued stating the charges in that 

respect as follows: 

I 

Respondent Dunbeath-Hagen Corp. is a New York corporation with its principal 

office and place of business at 50 Broad Street, New York, New York 10004. The 

said corporation is now, and was at all times material to this complaint, a 

registered futures commission merchant under the Commodity Exchange Act. 

II 

Respondent Christian S. Morante, an individual, whose business address is 50 

Broad Street, New York, New York 10004, is now and was at all times material to 

this complaint the president and principal stockholder of the aforesaid 

Dunbeath-Hagen Corp. 

III 

On or about December 17, 1965, respondent Dunbeath-Hagen Corp., in connection 

with its application for registration as a futures commission merchant under the 

Commodity Exchange Act for the year 1966, knowingly submitted to the Commodity 

Exchange Authority a false financial statement, as of December 17, 1965, 

attested to by respondent Christian S. Morante, which misrepresented and 

concealed the true financial condition of the respondent corporation. 

IV 

By reason of the facts described in paragraph III, respondents Dunbeath-Hagen 

Corp. and Christian S. Morante furnished false information in connection with 

the respondent corporation's application for registration as a futures 

commission merchant, in willful violation of section 4f (7 U.S.C. 6f) of the 

Commodity Exchange Act and section 1.10 of the regulations thereunder (17 CFR 

1.10). 

WHEREFORE, it is hereby ordered that this complaint and notice of hearing be 

served upon the said respondents. The respondents will have twenty (20) days 

after the receipt of this notice of hearing in which to file with the Hearing 

Clerk, United States Department of Agriculture, Washington, D. C. 20250, an 

answer with an original and five copies, fully and completely stating the nature 
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of the defense and admitting or denying, specifically and in detail, each 

allegation of this complaint. Allegations not answered will be 

deemed admitted for the purpose of this proceeding. Failure to file an answer 

will constitute an admission of all the allegations of this complaint and a 

waiver of hearing. The respondents hereby are notified that unless hearing is 

waived, either expressly or by failure to file an answer, or by filing an answer 

in which all of the material allegations of fact contained in the complaint are 

admitted and a hearing is not requested, a hearing will be held at 10:00 a.m., 

local time, on the 15th day of February 1966, in New York, New York, at a place 

therein to be specified later, before a referee designated to conduct such 

hearing. At such hearing the respondents will have the right to appear and show 

cause, if any there be, why an order should not be made directing that all 

contract markets refuse all trading privileges to the respondents for such 

period of time as may be determined, and suspending or revoking the registration 

of respondent Dunbeath-Hagen Corp. as a futures commission merchant. 

It is ordered that this complaint and notice of hearing be served on the 

respondents at least twenty (20) days prior to the date set for hearing. 

Done at Washington, D. C., on 

December 30, 1965. 

[SEE SIGNATURE IN ORIGINAL] 

Assistant Secretary 

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