UNITED STATES OF AMERICA
COMMODITY FUTURES TRADING COMMISSION
|CHARLES F. SPALDING||CFTC Docket No. 98-E-1|
|v.||ORDER OF SUMMARY AFFIRMANCE|
|CITRUS ASSOCIATES OF THE NYCE, INC.|
Our review of the record and the parties' appellate submissions establishes that the findings and conclusions of the New York Cotton Exchange ("exchange") are supported by substantial evidence. We further conclude that the exchange committed no error material to the outcome of this proceeding and that the parties have not raised important questions of law or policy meriting extended discussion.
Accordingly, we affirm the decision of the exchange's Supervisory Committee.
IT IS SO ORDERED.
By the Commission (Chairperson BORN and Commissioners TULL, HOLUM and SPEARS). Commissioner NEWSOME not participating.
Catherine D. Dixon
Assistant Secretary of the Commission
Commodity Futures Trading Commission
Dated: August 19, 1998