Legal Opinion
Commodity Futures Trading Commission v. Schor
Supreme Court of the United States
Decided July 7, 1986No. 85-621PublishedCited by 1,009 opinions
1Opinion of the CourtJustice O’Connor
The question presented is whether the Commodity Exchange Act (CEA or Act), 7 U. S. C. §1 et seq., empowers the Commodity Futures Trading Commission (CFTC or Commission) to entertain state law counterclaims in repara*836tion proceedings and, if so, whether that grant of authority violates Article III of the Constitution.
I
The CEA broadly prohibits fraudulent and manipulative conduct in connection with commodity futures transactions. In 1974, Congress “overhauled]” the Act in order to institute a more “comprehensive regulatory structure to oversee the volatile and esoteric futures trading complex.”…
2Cases cited30 opinions
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- Boykin v. AlabamaSupreme Court of the United States · 1969
- Buckley v. ValeoSupreme Court of the United States · 1976
- Duncan v. LouisianaSupreme Court of the United States · 1968
- Northern Pipeline Construction Co. v. Marathon Pipe Line Co.Supreme Court of the United States · 1982
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3Cited by1,009 opinions
- In Re Prudential Insurance Co. of AmericaTexas Supreme Court · 2004
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- Mistretta v. United StatesSupreme Court of the United States · 1989
- Granfinanciera, S.A. v. NordbergSupreme Court of the United States · 1989
- Barnhart v. WaltonSupreme Court of the United States · 2002
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