Commodity Futures Trading Commission, and Commissioner of Corporations of the State of California v. Frankwell Bullion Limited Frankwell Investment Services Inc. Maywell Investment Services, Inc. Frankwell Investment Services (Texas) Inc. Frankwell Management Service (New York) Inc., Thomas Taylor, Iii, Receiver. Commodity Futures Trading Commission v. Frankwell Bullion Limited Frankwell Investment Services Inc. Maywell Investment Services, Inc. Frankwell Investment Services (Texas) Inc. Frankwell Management Service (New York) Inc.

99 F.3d 299 65 USLW 2336 , Comm. Fut. L. Rep. P 26,807 , 96 Cal. Daily Op. Serv. 7881 , 96 Daily Journal D.A.R. 13 ,081 COMMODITY FUTURES TRADING COMMISSION, Plaintiff-Appellant, and Commissioner of Corporations of the State of California, Plaintiff, v. FRANKWELL BULLION LIMITED; Frankwell Investment Services Inc.; Maywell Investment Services, Inc.; Frankwell Investment Services (Texas) Inc.; Frankwell Management Service (New York) Inc., Defendants-Appellees. Thomas Taylor, III, Receiver. COMMODITY FUTURES TRADING COMMISSION, Plaintiff-Appellant, v. FRANKWELL BULLION LIMITED; Frankwell Investment Services Inc.; Maywell Investment Services, Inc.; Frankwell Investment Services (Texas) Inc.; Frankwell Management Service (New York) Inc., Defendants-Appellees. Nos. 95-16977, 95-17298. United States Court of Appeals, Ninth Circuit. Argued and Submitted Sept. 17, 1996. Decided Oct. 29, 1996. Jay L. Witkin, Deputy General Counsel, and James T. Kelly, Assistant General Counsel, Commodity Futures Trading Commission, Washington, D.C., for plaintiff-appellant. Paul S. Schmidtberger and Gary L. Benton, Coudert Brothers, San Francisco, California, for defendants-appellees. Mark D. Young,…