Legal Opinion
ADM Investor Services, Inc. v. Collins
Court of Appeals for the Seventh Circuit
Decided February 7, 2008No. 06-4412PublishedCited by 15 opinions
1Opinion of the Court
EASTERBROOK, Chief Judge.
Mark Collins traded futures contracts on the Chicago Board of Trade through ADM Investor Services, a futures commission merchant (the equivalent of a stockbroker for derivatives). Over the course of 18 months, Collins made almost $1 million. His last trade, on July 27, 2004, was in soybean contracts. Collins purchased 40 contracts for delivery in August 2004 while selling 40 contracts for delivery in November. Matched pairs of long and short contracts take a position in the difference between the prices, which the futures business calls the spread. On July 27 the…
2Cases cited4 opinions
- Continental Wall Paper Co. v. Louis Voight & Sons Co.Supreme Court of the United States · 1909
- Commodity Futures Trading Commission v. Michael ZelenerCourt of Appeals for the Seventh Circuit · 2004
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. E. B. Brooks, Jr.Court of Appeals for the Fifth Circuit · 1977
- Fed. Sec. L. Rep. P 95,263 Thomson McKinnon Securities, Inc. v. Emory L. ClarkCourt of Appeals for the Eleventh Circuit · 1990
3Cited by15 opinions
- Costello v. GrundonCourt of Appeals for the Seventh Circuit · 2011
- Costello v. GrundonCourt of Appeals for the Seventh Circuit · 2010
- In re MF Global Inc.United States Bankruptcy Court, S.D. New York · 2015
- ADM Investor Services, Inc. v. RamsayDistrict Court, N.D. Illinois · 2008
- Costello v. GrundonCourt of Appeals for the Seventh Circuit · 2010
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