Shaver v. Commodity Futures Trading Commission
Shaver v. Commodity Futures Trading Commission
Opinion of the Court
MEMORANDUM
Michael Shaver (“Shaver”), a commodities futures broker, appeals from a final order of the Commodity Futures Trading Commission (“CFTC”). 7 U.S.C. §§ 9, 21(i)(4) (2000). The CFTC summarily affirmed and adopted a decision by the National Futures Association (“NFA”), which stated that Shaver engaged in fraudulent customer communications in violation of NFA Compliance Rules 2-2(a) and 2-29(a)(1).
The NFA’s decision that Shaver engaged in fraudulent customer communica
Similarly, the NFA’s decision to sanction Shaver with a $2,000 fíne and a 2-year tape recording requirement was not an abuse of discretion. Premex, Inc. v. CFTC, 785 F.2d 1403, 1408 (9th Cir. 1986).
AFFIRMED.
This disposition is not appropriate for publication and is not precedent except as provided by 9th Cir. R. 36-3.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.