Clayton Brokerage Co. Of St. Louis, Inc. v. Commodity Futures Trading Commission and Webster S. Sturcken

Clayton Brokerage Co. of St. Louis, Inc. (“Clayton”) petitions us to set aside a reparation award entered against it by an administrative law judge (“AU”) with the Commodity Futures Trading Commission (“CFTC” or “Commission”) in favor of Webster S. Sturcken. We have jurisdiction under 7 U.S.C. § 18(e).

I. FACTS

Sturcken is a high-school educated, semiretired carpenter and home-building contractor. At the time relevant to this action, Edward B. Gotthelf was registered as an associated person (“AP”) employed as a broker for Clayton, a registered futures commission merchant (“FCM”). Gotthelf was a…