Release:#3971-96

For Release:November 27, 1996

CFTC SEEKS SUBPOENA ENFORCEMENT TO COMPEL TESTIMONY AND PRODUCTION OF RECORDS RELATED TO LONDON FINANCIAL, INC. OF JUPITER, FLORIDA, AND TWO INDIVIDUALS

WASHINGTON -- The Commodity Futures Trading Commission (CFTC) announced today that it has filed two proceedings in the U.S. District Court for the District of Columbia to compel Curtis McNair Arnold, Katherine Arnold, and London Financial, Inc. -- all of Jupiter, Florida, to comply with subpoenas duces tecum and subpoenas ad testificandum served upon them. None of the respondents is currently registered with the Commission.

The application in the first proceeding seeks to enforce subpoenas issued to Curtis Arnold and to London Financial, Inc., a Florida corporation of which Curtis Arnold is the sole principal. The subpoenas require the production of certain financial records and other documents relating any commodity trading and advisory service activities by Curtis Arnold and London Financial, Inc. The subpoenas also required Curtis Arnold to appear before the Commission's staff to give investigative testimony.

The application in the second proceeding seeks to enforce subpoenas issued to Katherine Arnold, Curtis Arnold's mother, to provide testimony and certain financial records related to any commodity pool operator activities by her.

Both proceedings have been assigned to the Honorable Magistrate Judge Patrick Attridge of the United States District Court. Judge Attridge set the hearing on the applications for December 17, 1996.