Release: #4038-97
For Release: July 30, 1997

CFTC PREVAILS IN ACTION TO ENFORCE ADMINISTRATIVE SUBPOENAS

REQUIRING PRODUCTION OF DOCUMENTS AND TESTIMONY BY JAMES COX RELATED TO BULLSEYE INDICATORS TRADING SYSTEM

WASHINGTON--The Commodity Futures Trading Commission (CFTC) announced today that on July 25, 1997, the Honorable Stanley Sporkin of the U.S. District Court for the District of Columbia issued an Order Requiring Obedience to Administrative Subpoenas which compels compliance with two administrative subpoenas issued by the CFTC to James Cox of Henderson, Nevada.

The Order requires Cox to produce records requested by the subpoenas no later than August 21, 1997, and to appear at the CFTC's offices in Washington, D.C. on August 28, 1997 to provide testimony related to the documents and to the promotion and sale of Cox's Bullseye Indicators commodity futures trading system.

The Order arose out of an application filed with the court by the CFTC in May 1997 to compel compliance by Cox with the subpoenas issued to him.