Commodity Pool In Deep Water Over Documents

Law360, New York (July 5, 2007, 12:00 AM EDT) -- Regulators have called on a district court to hold commodity pool operator Lake Shore Asset Management Ltd. in contempt, accusing the firm of breaching a restraining order issued a week ago.

The U.S. Commodity Futures Trading Commission, which sued Lake Shore for refusing to open its books for inspection during a routine review, claims the firm is flouting the order by continuing to deny access to the records.

The CFTC claims Lake Shore has failed to provide it with a list of managed accounts, monthly statements...
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