• NOTICE OF DISCIPLINARY ACTION

      • #
      • 11-CH-1104
      • Effective Date
      • 04 May 2011
    • 11-CH-1104

      EXCHANGE DISCIPLINARY ACTION

      CLEARING MEMBER: Bunge Chicago, Inc.

      CBOT RULE VIOLATION: 520. Trading Confined to Exchange Facilities

      All trading in Exchange products must occur on or through Exchange facilities and in accordance with Exchange rules.

      FINDINGS: Pursuant to an offer of settlement in which Bunge Chicago, Inc. neither admitted nor denied the violations, the Clearing House Risk Committee found that Bunge Chicago, Inc. violated the above rule.

      PENALTY: In accordance with the settlement offer, the Committee imposed a $20,000 fine, effective May 4, 2011, which will be waived if no further similar violations are found during the course of CME Group’s 2011 audit of Bunge Chicago, Inc. and if Exchange staff determines that Bunge Chicago, Inc. resolved the issue brought before the Clearing House Risk Committee. After a subsequent examination, the Clearing House Risk Comittee waived $20,000 at the April 30, 2012 meeting.

      EFFECTIVE DATE: April 30, 2012