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Wallace v. Cutten : ウィキペディア英語版 | Wallace v. Cutten
''Wallace v. Cutten'', 298 U.S. 229 (1936),〔(298 U.S. 229 ) Full text of the opinion courtesy of Findlaw.com.〕 was a case in which the Supreme Court of the United States held that the authority of the United States Secretary of Agriculture under the Grain Futures Act (298 U.S. 229, 235) was limited to prevent continued violation of the act, not past violations. == Background == The Secretary of Agriculture served a complaint upon the Respondent, Arthur W. Cutten on April 11, 1934 alleging that Cutten had not reported his net position in futures that he controlled to the Grain Futures Administration when he had commitments in excess of 500,000 bushels. The complaint also alleged that he conspired with other grain firms to hide his net position from the Grain Futures Administration, and he reported false information to the Administration. Cutten was barred from trade for two years after a hearing before a commission composed of the Secretary of Agriculture, Attorney General, and Secretary of Commerce. Cutten successfully appealed his claim that the sanctions could not be applied to behavior that had ceased at the time of the hearing to the Seventh Circuit, and the court set aside the prior judgment. The government appealed the verdict to the U.S. Supreme Court.
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