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The clipping this text was read from
The clipping this text was read from

any purposes of its own, other than payment of lawful marketing charges and payment of net proceeds to the consignors: • Having shortages in and failing to otherwise properly maintain its trust account for proceeds received from the sale of consigned livestock: • permitting its employes to purchase livestock from consignments for resale for their own speculative accounts: • Entering into any arrangements to finance livestock dealers; and • Issuing accounts of sale or invoices which fail to show the full, true and correct name of the buyers of consigned livestock.

THE firm was also ordered to maintain accounts and records which fully and correctly disclose all transactions involved in its market agency business.

The shortages in the firm’s trust account have been corrected. The cease and desist order—like

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