Robbins Futures, Inc. loses appeal.   Ordered to pay $16,021.
No. 15-99
April 16, 1999

Weekly Advisory

Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street, NW Washington, DC 20581 Telephone: (202) 418-5080 Facsimile: (202) 418-5525
Home Page: http://www.cftc.gov/
Antoinette B. McCoy, Editor

Gregory Walker v. Robbins Futures, Incorporated, Robbins Trading Company, and Joel S. Robbins. Filed April 13, 1999. The Commission's review of the record and the parties' appellate submissions established that the findings and conclusions of the Judgment Officer were supported by the weight of the evidence and the Commission adopted them. However, the Commission noted that the Judgment Officer found that Walker's total out-of-pocket loss was $16,021, not $16,201, the amount awarded in damages. The Commission believed the latter to be a typographical error. The Commission further concluded that the Judgment Officer committed no error material to the outcome of this proceeding and that the parties did not raise important questions of law or policy meriting extended discussion. Accordingly, the Commission affirmed the initial decision with a corrected award of $16,021. CFTC Docket No. 97-R030.