GEORGE WILLIAM GRECO and

TRADERS EDGE, INC.

MERATM. SABA

v.

UNITED STATES OF AMERICA

Before the

COMMODITY FUTURES TRADING COMMISSION ,';

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ORDER OF SUMMARY

AFFIRMANCE

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Upon review ofthe record and the patiies' appellate submissions, we have determined

that the findings and conclusions ofthe Administrative Law Judge are suppOlied by the weight

ofthe evidence; we therefore adopt them. We also' find that none ofthe arguments on appeal

present impOliant questions oflaw or policy. Accordingly, we summarily affirm the decision of

the Administrative Law Judge without opinion.!

IT IS SO ORDERED?

By the Commission (Chairman GENSLER and Commissioners SOMMERS, CHILTON, and

O'MALIA and WETJEN.) .

David A. Stawick

Secretary ofthe Commission

Commodity Futures Trading Commission

Dated: May 3, 2012

1 Pursuant to Commission Regulation 12.406(b), 17 C.F.R. § 12.406(b), neither the initial decision nor the

Commission's order ofsummary affirmance shall serve as a Commission precedent in other proceedings.

2 UI).der Sections 6(c) and 14(e) ofthe Commodity Exchange Act, 7 U.S.C. §§ 9 and 18(e)(2006), a party may

appeal a reparation order ofthe Commission to the United States Court of Appeals for only the circuit in which a

hearing was held; ifno hearing was held, the appeill may be filed in any circuit in which the appellee is located. The

Cominission has ruled that telephonic hearings are "held" in Washington, D.C., although palties may speak from

several different locations. Dubois v. Alaron, [2000-2002 Transfer Binder] Comm. Fut. L. Rep. (CCH) 28,406 at

51,026 n.16 (CFTC Oct. 26, 2000). The statute also states that such an appeal must be filed wit1).in 15 days after

notice ofthe order and that any appeal is not effective unless, within 30 days ofthe date ofthe Commission order,

the appealing party files with the court a bond equal to double the amount of any reparation award.
GEORGE WILLIAM GRECO and

TRADERS EDGE, INC.

MERATM. SABA

v.

UNITED STATES OF AMERICA

Before the

COMMODITY FUTURES TRADING COMMISSION ;:;

'~':l .'1......J

". (":~t Cj-

:';':;' [::}

ORDER OF SUMMARY

AFFIRMANCE

........:;:

Upon review ofthe record and the patiies' appellate submissions, we have determined

that the findings and conclusions ofthe Administrative Law Judge are suppolied by the weight

ofthe evidence; we therefore adopt them. We also find that none ofthe arguments on appeal

present impOliant questions oflaw or policy. Accordingly, we summarily affirm the decision of

the Administrative Law Judge without opinion.l

IT IS SO ORDERED?

By the Commission (Chairman GENSLER and Commissioners SOMMERS, CHILTON, and

O'MALIA and WETJEN.) .

David

~a.~ A. Stawick

Secretary ofthe Commission

Commodity Futures Trading Commission

Dated: May 3,2012

IPursuant to COlmnission Regulation 12.406(b), 17 C.F.R. § 12.406(b), neither the initial decision nor the

Commission's order ofsummary affIrmance shall serve as a Commission precedent in other proceedings.

2 Under Sections 6(c) and l4(e) ofthe Commodity Exchange Act, 7 U.S.C. §§ 9 and 18(e)(2006), a party may

appeal a reparation order ofthe Commission to the United States Court ofAppeals for only the circuit in which a

hearing was held; ifno hearing was held, the appe;11 may be filed in any circuit in which the appellee is located. The

Commission has ruled that telephonic hearings are "held" in Washington, D.C., although parties may speak from

several different locations. Dubois v. Alaran, [2000-2002 Transfer Binder] Comm. Fut. L. Rep. (CCH) 28,406 at

51,026 n.16 (CFTC Oct. 26,2000). The statute also states that such an appeal must be filed wit!).in 15 days after

notice ofthe order and that any appeal is not effective unless, within 30 days ofthe date ofthe Commission order,

the appealing party files with the court a bond equal to double the amount of any reparation award.