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Commodity Futures Trading Commission 

CEA CASES 

NAME: WOODSTOCK, INC. AND NICHOLAS O'NEILL 

DOCKET NUMBER: STIPULATION 135 B 

DATE: APRIL 13, 1971 

DOCUMENT TYPE: STIPULATION OF COMPLIANCE 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Woodstock, Inc. and Nicholas O'Neill 

Stipulation of Compliance Under the Commodity Exchange Act No. 135B 

The Secretary of Agriculture has reason to believe that Woodstock, Inc. and 

Nicholas O'Neill have 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 

Woodstock, Inc. and Nicholas O'Neill are 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 Woodstock, Inc. and Nicholas O'Neill stipulate the following facts are 

true: 

(1) Woodstock, Inc., a corporation with its principal office at 110 North 

Franklin Street, Chicago, Illinois 60606, is now and was at all times material 

herein, a registered futures commission merchant under the Commodity Exchange 

Act. 

(2) Nicholas O'Neill, an individual whose address is 305 West Fullerton 

Parkway, Chicago, Illinois 60614, was at all times material herein, employed by 

Woodstock, Inc. to handle accounts of its customers. 

(3) The transactions herein described were in oats futures on the Chicago 

Board of Trade, a designated contract market under the Commodity Exchange Act. 

(4) Woodstock, Inc. and Nicholas O'Neill, in handling the account of a 

customer, Mrs. Margurite Gibson, on June 19, 1968, offset a sale of 5,000 

bushels in the July 1968 future against a purchase which had been made on June 

18, 1968, and on June 26, 1968, offset a sale of 5,000 bushels in the July 1968 

future against a purchase which had been made on June 21, 1968, although at such 

times such purchases were not the oldest portion of the previously held long 

position and specific instructions as to the offsets had not been received from 

Mrs. Gibson. 

(5) Woodstock, Inc. and Nicholas O'Neill, in handling the account of a 

customer, Miss Wilma Dupy, on June 19, 1968, offset a sale of 5,000 bushels in 

the July 1968 future against a purchase which had been made on June 18, 1968, 

and on June 26, 1968, offset a sale of 5,000 bushels in the July 1968 future 

against a purchase which had been made on June 21, 1968, although at such times 

such purchases were not the oldest portion of the previously held long position 

and specific instructions as to the offsets had not been received from Miss 

Dupy. 
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(6) Woodstock, Inc., in rendering Purchase and Sale Statements with respect 

to the offsets described in paragraphs 4 and 5 above, failed to show on each 

such statement that such sales were not applied against the oldest portion of 

the previously held long position. 

The Commodity Exchange Authority has advised Woodstock, Inc. and Nicholas 

O'Neill, that their actions as described above were in violation of Section 1.46 

of the regulations under the Commodity Exchange Act. 

The said Woodstock, Inc. and Nicholas O'Neill agree to desist from such acts 

and practices in the future. They further understand and agree that this 

stipulation is admissible as evidence of such acts and practices in any future 

proceeding based upon acts or practices in addition to those referred to herein 

which 

may be brought by the Secretary of Agriculture against either of them under the 

provisions of the said Act. Woodstock, Inc. and Nicholas O'Neill also 

understand 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 13 day of April, 1971 

Witnessed by: 

[SEE SIGNATURE IN ORIGINAL] 

[SEE SIGNATURE IN ORIGINAL] 

Woodstock, Inc. 

By: 

[SEE SIGNATURE IN ORIGINAL] 

By: 

LOAD-DATE: June 16, 2008 
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