• NOTICE OF DISCIPLINARY ACTION

      • #
      • 11-CH-1107
      • Effective Date
      • 06 January 2012
    • 11-CH-1107

      EXCHANGE DISCIPLINARY ACTION

      CLEARING MEMBER: Cunningham Commodities, LLC

      CBOT RULE VIOLATIONS: 930.F.  Release of Excess Performance Bond

      Subject to exceptions granted by Clearing House staff, clearing members may only release performance bond deposits from an account if such deposits are in excess of initial performance bond requirements.

      FINDINGS: Pursuant to an offer of settlement in which Cunningham Commodities, LLC neither admitted nor denied the violation, the Clearing House Risk Committee found that Cunningham Commodities, LLC violated the above rule.

      PENALTY: In accordance with the settlement offer, the Committee imposed a $25,000 fine.

      EFFECTIVE DATE: January 6, 2012