For More Information Contact:
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org

NFA permanently expels Lake Shore Asset Management Ltd. from membership

May 19, Chicago - National Futures Association (NFA) has permanently expelled Lake Shore Asset Management Limited (Lake Shore) from NFA membership. Lake Shore is a Commodity Pool Operator and Commodity Trading Advisor with headquarters in Hamilton, Bermuda. The Decision, issued by NFA's Business Conduct Committee, is based on an NFA Complaint filed in March 2009.

The Committee found that Lake Shore failed to cooperate in an NFA investigation, provided false information to NFA, and used false or misleading promotional material.

The allegations from the Complaint stem from a previous emergency enforcement action taken against Lake Shore in August 2007. See previous press release.

The complete text of the Complaint and Decision can be found on NFA's Website (www.nfa.futures.org).

NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.