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Commodity Futures Trading Commission 

CEA CASES 

NAME: ROBERT A. ROWLAND 

DOCKET NUMBER: STIPULATION 106 

DATE: JUNE 4, 1968 

DOCUMENT TYPE: STIPULATION OF COMPLIANCE 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Robert A. Rowland 

Stipulation of Compliance Under the Commodity Exchange Act No. 106 

The Secretary of Agriculture has reason to believe that Robert A. Rowland 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. No 

complaint with respect to such violations has been issued and the said Robert A. 

Rowland is desirous of disposing of this 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 A. Rowland 

stipulates the following facts are true: 

(1) Robert A. Rowland, an individual whose address is 110 North Franklin 

Street, Chicago, Illinois 60606, is now and was at all times mentioned herein a 

registered floor broker under the Commodity Exchange Act and a member of the 

Chicago Mercantile Exchange. At all times material herein he was the President 

of an organization doing business as Rowland Associates. 

(2) James W. Kozinski was on September 20, 1966 a registered floor broker 

under the Commodity Exchange Act and a member of the Chicago Mercantile 

Exchange. 

(3) On August 30, 1966 and September 27, 1966, Robert A. Rowland, acting in 

his capacity as floor broker, and on September 20, 1966, Robert A. Rowland and 

James W. Kozinski, acting in their capacities as floor brokers, entered into 

transactions in the October 1966 butter futures contract on the Chicago 

Mercantile Exchange as set forth in the following schedule: 

BOUGHT Quantity SOLD 

(in contract [ILLEGIBLE TEXT]66 Account of Broker units) and Broker Account of 

Price 

[ILLEGIBLE TEXT]66 Rowland Robert A. 1 @ 72.75 Robert A. A customer 

Associates Rowland Rowland of Hayden, 

Stone 

Incorporated 

[ILLEGIBLE TEXT]66 Rowland Robert A. 1 @ 73.00 James W. A customer 

Associates Rowland Kozinski of Hoffman, 

Shanley, 

Wrisley & 

Schroth, 

Inc. 

 

[ILLEGIBLE TEXT]66 A customer Robert A. 1 @ 73.00 Robert A. Rowland 

of Hoffman, Rowland Rowland Associates 

Shanley, 
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BOUGHT Quantity SOLD 

 (in 

 contract 

[ILLEGIBLE TEXT]66 Account of Broker units) and Broker Account of 

 Price 

Wrisley & 

Schroth, 

Inc. 

According to the records of Hoffman, Shanley, Wrisley & Schroth, Inc., the 

floor broker selling for its customer's account in the transaction of September 

20, 1966 set forth above was Robert A. Rowland. In none of the three 

transactions set forth above was prior consent given by the customer for Robert 

A. Rowland to take the opposite side of his order into the Rowland Associates 

account. 

The Commodity Exchange Authority has advised Robert A. Rowland that the 

transactions set forth in paragraph (3) above were in violation of section 4b(D) 

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

The said Robert A. Rowland agrees to desist from such acts and practices in 

the future. He further understands and agrees 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 him under the provisions of the 

said act. Robert A. Rowland also understands that it is the practice of the 

Commodity Exchange Authority to issue press releases of stipulations of 

compliance and to make them a matter of public record. 

Done at Chicago, Illinois, this 

4th day of June 1968 

[SEE SIGNATURE IN ORIGINAL] 

Robert A. Rowland 

Witnessed by: 

[SEE SIGNATURE IN ORIGINAL] 

[SEE SIGNATURE IN ORIGINAL] 

LOAD-DATE: June 12, 2008 
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