WALLACE V. CUTTEN, 298 U. S. 229 (1936)
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U.S. Supreme Court
Wallace v. Cutten, 298 U.S. 229 (1936)
Wallace v. Cutten
No. 747
Argued April 27, 1936
Decided May 18, 1936
298 U.S. 229
Syllabus
Section 6(b) of the Grain Futures Act, which provides that, if the Secretary of Agriculture has reason to believe that any person "is violating" the Act or the regulations thereunder, or "is attempting" to manipulate the market price of grain in violation of the Act, he may require such person to show cause why he should not be suspended from trading in Contract Markets, cannot be construed as authorizing suspension for wrongdoing that occurred more than two years before the filing of the complaint with the Secretary. P. 298 U. S. 236.
80 F.2d 140 affirmed.
Certiorari, 297 U.S. 701, to review a decree setting aside on appeal an order whereby the commission established by the Grain Futures Act directed all "contract markets" (grain exchanges designated by the Secretary of Agriculture) to refuse to the respondent Cutten all trading privileges for the period of two years.