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GABRIEL BROKERAGE, INC
CASE OUTCOME: PERMANENT INJUNCTION
NFA ID:
0001779
Overview:
November 7, 1983
Docket #83-8049RLC Washington -- The Commodity Futures Trading Commission announced today that U.S. District Judge Robert L. Carter of the Southern District of New York has issued an order freezing the assets of Gabriel Brokerage, Inc., a registered futures commission merchant and New York corporation. In a one-count complaint, the Commission alleged that the customer segregated accounts of Gabriel Brokerage were in deficit by approximately $92,000. Judge Carter further ordered that Commission representatives by granted access to the firm's books and records and that the firm neither destroy nor alter these materials. At a show cause hearing Friday, November 4, 1983, Gabriel Brokerage, without admitting or denying the violation, consented to the entry of an order of preliminary injunction prohibiting the firm from maintaining an undersegregated account. Judge Carter further ordered that a receiver be appointed and report to the court by Thursday, November 10, 1983, the status of the segregated funds and the customer accounts. Decision:
Source: National Futures Association
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