This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hunter Wise Commodities, LLC Deplores CFTC Tactics

LAS VEGAS, Jan. 31, 2013 /PRNewswire/ -- The United States Commodity Futures Trading Commission ("CFTC") in a January 28, 2013 Press Release, PR6503-13, has made improper and opportunistic accusations directed at Hunter Wise Commodities, LLC, a Nevada company.

The recent announcement by the CFTC concerning the actions of four Florida precious metals firms falsely attempts to link the activities and actions of those separately held and operated businesses with Hunter Wise Commodities, illustrating, yet again, the agency's lack of understanding as to how the precious metals industry functions.   The CFTC's public release was an egregious attempt to mislead the public and harm the legitimate business relationships of Hunter Wise.

The CFTC included Hunter Wise in their public release regarding an unrelated settlement order to disparage Hunter Wise publicly.  The CFTC did so through words crafted by its own personnel, then attributed those words to the settling parties, parties looking to avoid liability for their own actions and willing to make assertions that fittingly align with the CFTC's continued disparagement. The CFTC is using obfuscation and bullying tactics to attempt to falsely disparage Hunter Wise in the court of public opinion.

With the passage of new federal law there now exists a debate regarding the proper way to conduct commodity transactions.  In September of 2012, Hunter Wise asked the federal court in the Northern District of Illinois to resolve this debate.  In December of 2012, the CFTC responded by filing a lawsuit against Hunter Wise in the Southern District of Florida.  The debate should be determined by the two courts the parties have presented with the issues.  The debate is now before the courts and that forum as opposed to the public forum is the appropriate place to settle this disagreement.

Hunter Wise Commodities has pledged to fight the CFTC on all allegations and has reason to believe it will prevail when judged in open court.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs