UNITED STATES OF AMERICA
COMMODITY FUTURES TRADING COMMISSION
JOHN T. STONE,
FIRST PACIFIC TRADING GROUP,
CFTC Docket No. 98-R134
ORDER OF SUMMARY AFFIRMANCE
After reviewing the record and the parties' appellate submissions, we conclude that the Judgment Officer committed no material error in dismissing the complaint in this matter as barred by the statute of limitations and that the parties have not raised important questions of law or policy with respect to the Judgment Officer's determination that merit discussion.1 Accordingly, we affirm the Judgment officer's Order of Dismissal dated December 17, 1998.2
IT IS SO ORDERED.
By the Commission (Chairperson BORN and Commissioners HOLUM, SPEARS, and NEWSOME).
Jean A. Webb
Secretary of the Commission
Commodity Futures Trading Commission
Dated: May 13, 1999
1 Section 14(a) of the Commodity Exchange Act, 7 U.S.C. § 18(a) (1994), requires that a reparation complaint be filed within two years after the cause of action accrues.
2 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 provides that such an appeal must be filed within 15 days after notice of the order and that an 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.