Commodity Futures Trading Commission v. Michael Zelener

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that few of BCG’s customers paid in full during two-day period or took delivery and that AlaronFX rolled the transactions forward two days at a time
• noting that “normal futures contracts have defined expiration or delivery dates”
• “Using 'delivery' to differentiate between forward and future contracts yields indeterminancy, because it treats as the dividing line something the two forms of contract have in common for commodities and that both forms lack for financial futures.”
• distinguishing spot markets from futures markets

Source: CourtListener parenthetical corpus (CC0).