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For Immediate Release
June 25, 2007

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

NFA takes emergency enforcement actions against Lake Shore Asset Management Ltd. and one of its principals, Laurence M. Rosenberg

June 25, Chicago - National Futures Association (NFA) announced that it has taken emergency enforcement actions against Lake Shore Asset Management Ltd. (Lake Shore) and one of its principals, Laurence M. Rosenberg of Chicago, Illinois. Lake Shore is a Commodity Pool Operator and Commodity Trading Advisor. The Member Responsibility Action (MRA) and Associate Responsibility Action (ARA) prohibits Lake Shore and Rosenberg from soliciting or accepting any customer or pool participant funds or placing trades for any pools except for the liquidation of existing positions. The actions prohibit Lake Shore, Rosenberg, or any other principal or individual acting on behalf of Lake Shore, from disbursing or transferring any funds from any accounts without prior approval of NFA.

These actions are effective immediately and deemed necessary to protect the commodity futures markets, customers and other NFA Members, in that Lake Shore and Rosenberg failed to cooperate in an NFA investigation by failing to produce books and records and other information that NFA has required of them. This requested information is necessary for NFA to determine the nature of Lake Shore's business, verify the identities of its customers and pool participants and the value of their investments, the amount and location of assets under management, and the accuracy of performance information featured on Lake Shore's Web site.

The MRA and ARA will remain in effect until Lake Shore and Rosenberg demonstrate that they are in complete compliance with all NFA requirements. Lake Shore and Rosenberg may 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 derivatives markets.
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