Commodity Futures Trading Commission v. John J. Muller

RONEY, Circuit Judge:

Having charged John J. Muller, an employee of a commodity option firm, with misappropriating customers’ funds, the Commodity Futures Trading Commission, a federal regulatory agency, sought and obtained a federal court preliminary injunction against Muller’s concealing or disposing of his assets. Muller appeals from the injunction on two grounds: first, the regulatory agency has no jurisdiction over the London commodity options he sells because they are not specifically enumerated in the statute and are in foreign, not interstate, commerce and, second, the agency failed to…