IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF ILLINOIS

EASTERN DIVISION

U.S. COMMODITY FUTURES )

TRADING COMMISSION, )

)

Plaintiff ) Civil No. 07 C 3598

vs. )

)

LAKE SHORE ASSET MANAGEMENT ) Judge Blanche M. Manning

LIMITED; ) Magistrate Judge Mason

)

Defendant. )

STATUTORY RESTRAINING ORDER

The Parties having appeared before the Court on July 10, 2007, and the Court

having heard from the parties and having read the papers filed herein, it further appearing

to the satisfaction of the Court that there is good cause to believe that defendant

Lakeshore Asset Management Limited has engaged, is engaging in, and is about to

engage in violations of Section 4n(3)(A) of the Act, 7 U.S.C. § 6n(3)(A), and

Commission Regulations 1.31, 4.23 and 4.33, 17 C.F.R. §§ 1.31, 4.23 and 4.33 (2006),

and it further appearing to the satisfaction of the Court that this is a proper case for

continuing the ex parte restraining order entered by this Court on June 27, 2007, to

preserve the status quo and to protect public customers from loss and damage; 

1. IT IS HEREBY ORDERED that Lake Shore Asset Management Ltd. and

all persons insofar as they are acting in the capacity of agents, servants, employees,

successors, assigns or attorneys of the defendants and all persons insofar as they are
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acting in active concert or participation with them, who receive actual notice of this Order

by personal service or otherwise, shall be prohibited from directly or indirectly:

a) Dissipating, withdrawing, transferring, removing, concealing or disposing

of cash, cashier’s checks, funds, assets or other property of, or within the

custody, control or possession of the defendant, including funds or

property of investors, wherever located, whether held in the name of the

defendant, or otherwise; and

b) Destroying, mutilating, concealing, altering or disposing of, in any

manner, any of the books and records, documents, correspondence,

brochures, manuals, electronically stored data, tape records or other

property of the defendant, wherever located, including all such records

concerning the defendant’s business operations, until further order of the

Court.

2. IT IS FURTHER ORDERED THAT each firm, corporation or other

person or entity with notice which holds, or which holds, or which is a depository of,

funds, securities, property, or other assets of or under the control of Lake Shore Asset

Management Ltd. , whether held in the name of Lake Shore Asset Management Ltd. or

otherwise, including funds and property of investors, is prohibited from transferring,

withdrawing, removing, or disposing of any such funds, securities, property, or other

assets until further order of the Court.

3. IT IS FURTHER ORDERED that representatives of the plaintiff

Commission be allowed to immediately inspect the books, records and other

electronically stored data, tape recordings, and other documents of the defendant and its

agents, including all such records of defendant’s business operations, wherever they are

situated and whether they are in the possession of the defendant or others and to copy said

documents, data, and records either on or off the premises where they may be situated.

4 IT IS FURTHER ORDERED that copies of this Order may be served by

any means, including facsimile transmission, electronic mail or data transfer, upon any

financial institution or other entity or person that may have possession, custody or control

of any documents or assets of the Defendant or that may be subject to any provision of

this Order.

5. IT IS FURTHER ORDERED that the Defendant shall serve all pleadings,

correspondence, notices required by this Order and other materials on the Commission by

delivering a copy to Diane M. Romaniuk, Senior Trial Attorney or Ava M. Gould, Senior

Trial Attorney, Division of Enforcement, Commodity Futures Trading Commission, 525

W. Monroe, Suite 1100, Chicago, Illinois 60661. Electronic transmission of pleadings

and correspondence to the Commission will not be accepted until expressly agreed to by

Commission staff.
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6. IT IS FURTHER ORDERED that the Ex Parte Statutory Restraining

Order entered June 27, 2007, shall remain in full force and effect until further order of

Court. This Court retains jurisdiction of this matter in that it is a pending case and, in any

event, the court always has jurisdiction to enforce its own orders.

Date: July 13, 2007 ___________________________

Hon. Blanche M. Manning

United States District Judge