Legal Opinion
Milnarik v. M-S Commodities, Inc.
District Court, N.D. Illinois
Decided October 26, 1970No. 70 C 1338PublishedCited by 10 opinions
1Opinion of the Court
MEMORANDUM OPINION
WILL, District Judge.
This action presents the apparently novel question of whether or not a discretionary trading account in commodity futures is subject to the registration requirements of Section 5 of the Securities Act of 1933, 15 U.S.C. § 77e. For the reasons stated below, we conclude that it is not and grant defendants’ motions to dismiss plaintiffs’ complaint for failure to state a claim upon which relief can be granted.
The salient allegations of plaintiffs’ complaint, which are presumed true for purposes of this motion, are as follows: 1) the defendant M-S…
2Cases cited14 opinions
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- Tcherepnin v. KnightSupreme Court of the United States · 1967
- Securities & Exchange Commission v. C. M. Joiner Leasing Corp.Supreme Court of the United States · 1943
- Securities & Exchange Commission v. Ralston Purina Co.Supreme Court of the United States · 1953
- Custer Channel Wing Corp. v. United StatesSupreme Court of the United States · 1967
9 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Savino v. EF Hutton & Co., Inc.District Court, S.D. New York · 1981
- Fed. Sec. L. Rep. P 93,355 Ella Milnarik v. M-S Commodities, Inc., an Illinois Corporation, and David S. NelsonCourt of Appeals for the Seventh Circuit · 1972
- Wasnowic v. Chicago Board of TradeDistrict Court, M.D. Pennsylvania · 1972
- Arnold v. Bache & Co., Inc.District Court, M.D. Pennsylvania · 1973
- Consolo v. Hornblower & Weeks-Hemphill, Noyes, Inc.District Court, N.D. Ohio · 1976
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