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Commodity Futures Trading Commission 

CEA CASES 

NAME: SECRETARY OF AGRICULTURE V. ABRAHAM ARTHUR BANK 

DOCKET NUMBER: 4 

DATE: JUNE 10, 1937 

DOCUMENT TYPE: DECISION AND ORDER (Order Revoking Registration) 

UNITED STATES OF AMERICA 

BEFORE THE SECRETARY OF AGRICULTURE 

Docket No. 4 C.E.A. 

Secretary of Agriculture, Complainant, v. Abraham Arthur Bank, Respondent. 

Order Revoking Registration as Futures Commission Merchant under the 

Commodity Exchange Act. 

PROCEEDINGS 

This is a proceeding under the Commodity Exchange Act which was instituted by 

the Secretary of Agriculture by a complaint on May 13, 1937. 

In the complaint it was alleged that Abraham Arthur Bank, hereinafter called 

the registrant, filed with the Department of Agriculture on August 22, 1936, an 

application on Form 1-R for registration as futures commission merchant pursuant 

to said act and the rules and regulations of the Secretary of Agriculture; that 

a registration was issued by the Secretary of Agriculture on September 1, 1936; 

that the registrant was suspended from membership in a commodity exchange, 

namely, the Chicago Open Board of Trade, pursuant to the action of the board of 

directors of that exchange on March 24, 1937; and that the registrant violated 

said act and section 305 of the rules and regulations governing registration, as 

amended, made and promulgated by the Secretary of Agriculture pursuant to said 

act in that said registrant failed to report on Form 3-R the fact of the 

suspension referred to above within ten days after the date thereof. Said 

registrant was notified to appear at a hearing at 10 a.m. on June 7, 1937, at 

Washington, D. C., before a referee to be designated by the Secretary of 

Agriculture and show cause, if any there be, why the registration of said 

registrant should not be suspended or revoked. 

The complaint was duly served upon the registrant, and on May 20, 1937 said 

registrant waived a hearing in this proceeding and the right to submit evidence 

therein, consenting and agreeing that his registration as futures commission 

merchant be revoked by the Secretary of Agriculture. 

FINDINGS OF FACT. 

The Secretary finds (1) that Abraham Arthur Bank filed an application on 

August 22, 1936, on Form 1-R for registration as futures commission merchant 

pursuant to said act and the rules and regulations of the Secretary; (2) that 

registration was issued by the Secretary of Agriculture on September 1, 1936; 

(3) that said registrant was suspended from membership in a commodity exchange, 

namely, the Chicago Open Board of Trade, pursuant to action of the board of 

directors of that exchange on March 24, 1937; (4) that said registrant has 

violated said act and section 305 of the rules and regulations governing 

registration, as amended, made and promulgated by the Secretary of Agriculture 

pursuant to said act in that said registrant failed to report the fact of such 

suspension within ten days after the date thereof as required by said rules and 

regulations; and (5) that said registrant, on May 20, 1937, 

 
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waived a hearing and the right to submit evidence and consented that his 

registration as a futures commission merchant under said act be revoked by the 

Secretary of Agriculture. 

ORDER 

IT IS THEREFORE ORDERED, pursuant to provisions of said act, that the 

registration of Abraham Arthur Bank be, and the same is hereby revoked. 

IT IS FURTHER ORDERED that a copy of this order be served upon the respondent 

by registered mail and that this order shall become effective immediately. 

(SEAL) 

IN WITNESS WHEREOF, the Secretary of Agriculture has hereunto set his hand 

and caused the official seal of the Department of Agriculture to be affixed in 

the city of Washington, this 10th day of June 1937. 

(Signed) H. A. WALLACE 

Secretary of Agriculture. 

 

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