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Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
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NFA takes an emergency enforcement action against Last Atlantis Capital Management LLC

April 24, Chicago - National Futures Association (NFA) announced today that it has taken an emergency enforcement action against Last Atlantis Capital Management LLC (LACM). LACM is a Commodity Trading Advisor and Commodity Pool Operator located in St. Thomas, Virgin Islands with an office in St. Charles, Illinois. The Member Responsibility Action (MRA) prohibits LACM from soliciting or accepting any customer or pool participants' funds for Last Atlantis Partners LLC, LACM Proprietary Options, Share Class O. Additionally, the MRA prohibits LACM from disbursing or transferring any funds of customers or participants in Last Atlantis Partners LLC, LACM Proprietary Options, Share Class O without prior NFA approval and from placing trades on behalf of Last Atlantis Partners LLC, LACM Proprietary Options, Share Class O, except to liquidate existing positions.

Effective immediately, the action is deemed necessary because LACM has provided false and misleading information to participants in Last Atlantis Partners LLC, LACM Proprietary Options, Share Class O and to NFA. LACM has failed to make and keep accurate and complete books and records. In addition, LACM acted in a manner contrary to the interests of their customers by making a loan from assets of Last Atlantis Partners LLC, LACM Proprietary Options, Share Class O to a related entity without timely disclosing this relationship to the participants.

The MRA will remain in effect until such time as LACM has demonstrated that it is in complete compliance with all NFA Requirements and that the net asset value of Share Class O and the value of each participant's investment in Share Class O is accurately reflected in its books and records and reports to the participants. LACM may request a hearing before NFA's Hearing Committee.

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