The action, which arises out of defendant law firm's failure to timely file an appeal with the Commodities Futures Trading Commission (CFTC) of a decision of the New York Mercantile Exchange (NYMEX) Adjudication Committee expelling plaintiff from NYMEX for three and a half years for violations of certain of its rules, was properly dismissed. A subsequent decision of the CFTC, which, after a de novo hearing, revoked plaintiff's registration as a floor broker largely for his...
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