COMMODITY FUTURES TRADING COMMISSION, Applicant-Appellee, v. Richard W. TOKHEIM, Respondent-Appellant

FLAUM, Circuit Judge.

This is an appeal by Richard W. Tokheim of an order granting enforcement of an administrative subpoena issued by the Commodity Futures Trading Commission (CFTC or “the Commission”). For the reasons stated herein, we affirm the district court’s order.

I

The CFTC, which is charged with implementing the Commodity Exchange Act (“the Act”), 7 U.S.C. §§ 1-25 — the basic purpose of which is the comprehensive regulation of the “volatile and esoteric futures trading complex,” CFTC v. Schor, 478 U.S. 833, 836, 106 S.Ct. 3245, 92 L.Ed.2d 675 (1986) (quotation omitted) — is granted…