New York Coffee and Sugar Exchange, Inc
Volume 102 · 102 F.T.C. 1335
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New York Coffee and Sugar Exchange, Inc, 102 F.T.C. 1335 (1983). Consumer Law Library, https://consumerlawlibrary.org/decisions/v102-0032
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IN THE MATTER OF NEW YORK COFFEE AND SUGAR EXCHANGE, INC., ET AL. VACATING ORDER IN REGARD TO ALLEGED VIOLATION OF SEC. 5 OF THE FEDERAL TRADE COMMISSION ACT Docket 6235. Consent Order, Aprill 1955- Vacating Order, Oct. , 1983 The Federal Trade Commission has reopened this proceeding and vacated its order issued on April! , 1955(51 F. C. 859), in light ofthe Commodity Futures Trading Commission s exclusive jurisdiction over respondents' activities. ORDER VACATING CEASE AND DESIST ORDER ISSUED ON APRIL 1, 1955 On April 1, 1955, (51 F. C. 859) the Federal Trade Commission pursuant to Section 5 of the Federal Trade Commission Act, as amended, issued the consent order in this case against the New York Coffee and Sugar Exchange, Inc. , et a!., (now known as the Coffee Sugar and Cocoa Exchange), prohibiting, among other things, the use of certain restrictive contracts for trading in coffee futures. Since enactment of the Commodity Futures Trading Commission Act, in 1974, 7 UB. C. 1 et seq. the Exchange s activities have come under the exclusive jurisdiction of the Commodity Futures Trading Commission ("CFTC"). Because the conduct covered by the Commission s order is now specifically regulated by the CFTC, the Commission has determined that it would be in the public interest to vacate its order in Docket No. 6235.
On August 1, 1983, the Commission issued an order to show cause why the order in Docket No. 6235 should not be vacated. The proposed action was accepted by the respondents.
Accordingly, It is ordered That this matter be, and it hereby is, reopened and that the order in Docket No. 6235 be vacated. Interlocutory Order 102 F.