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For Immediate Release
September 15, 2005

For more information contact:
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org

NFA takes enforcement action against Georgia commodity pool operator and its principal

September 15, Chicago - National Futures Association (NFA) announced that it has suspended Lake Dow Capital LLC, a commodity pool operator (CPO) and commodity trading advisor (CTA) located in McDonough, Georgia and its owner Ty Edwards. Lake Dow and Edwards operate a commodity pool called the Aurora Investment Fund L.P. As a result of the suspension, Lake Dow and Edwards are prohibited from acting in any manner which requires registration under the Commodity Exchange Act and are prohibited from disbursing any funds without NFA approval.

NFA took the enforcement action because Lake Dow and Edwards among other things prepared and distributed statements to participants in the Aurora Fund that showed profitable results that were not substantiated by underlying trading and bank records; failed to prepare and maintain required financial records for Lake Dow and the Aurora Fund; and used an outdated disclosure document for the pool which failed to disclose material administrative and civil actions against Edwards.

The suspension will remain in effect until NFA is satisfied that Lake Dow and Edwards are in complete compliance with all NFA requirements. Lake Dow and Edwards may petition the Commodity Futures Trading Commission for a stay of this action and may also request a hearing before NFA's Hearing Committee.

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

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