UNITED STATES OF AMERICA
Before the
COMMODITY FUTURES TRADING COMMISSION

N. T. NIXON

v.
CFTC Docket No. 96-R015

LIND-WALDOCK ORDER OF SUMMARY AFFIRMANCE



Our review of the record and the parties' appellate submissions establishes that the findings and conclusions of the presiding officer are supported by the weight of the evidence; we therefore adopt them. We further conclude that the presiding officer committed no material error.

Accordingly, we affirm the initial decision.(1)

IT IS SO ORDERED.

By the Commission (Chairperson BORN and Commissioners TULL, HOLUM, and SPEARS).

Jean A. Webb
Secretary of the Commission
Commodity Futures Trading Commission

Dated: March 9, 1998


1.Under Sections 6(c) and 14(e) of the Commodity Exchange Act (7 U.S.C. 9 and 18(e)(1994)), a party may appeal a reparation order of the Commission to the United States Court of Appeals for only the circuit in which a hearing was held; if no hearing was held, the appeal may be filed in any circuit in which the appellee is located. The statute also states that such an appeal must be filed within 15 days after notice of the order, and that any appeal is not effective unless, within 30 days of the date of the Commission order, the appealing party files with the court a bond equal to double the amount of any reparation award.