Hunter Wise Execs Tell 11th Circ. CFTC Lacks Jurisdiction

Law360, Miami (January 15, 2014, 9:48 PM EST) -- Two executives for Hunter Wise Commodities LLC accused of running a $46 million precious metals investment scam urged the Eleventh Circuit on Wednesday to reverse a lower court's preliminary injunction, claiming the U.S. Commodity Futures Trading Commission lacks jurisdiction in the case.

While the interlocutory appeal brought by Hunter Wise CEO Fred Jager and Chief Operating Officer Harold Martin focuses on the CFTC's interpretation of certain terms in the Dodd-Frank Act, questions about the alleged scam itself took up a substantial portion of the oral arguments...
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Case Information

Case Title

U.S. Commodity Futures v. Harold Martin, Jr., et al


Case Number

13-10993

Court

Appellate - 11th Circuit

Nature of Suit

1850 Securities, Commodities, Exchange

Date Filed

March 7, 2013

Government Agencies

UK Financial Services

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