• NOTICE OF SUMMARY ACTION

      • #
      • NYMEX-RSRH-18-5008
      • Effective Date
      • 08 May 2018
    • FILE NO.:

      RSRH-18-5008

      MEMBER FIRM:

      R.J. O'BRIEN & ASSOCIATES, LLC

      RULE VIOLATION:

      Rule 5.26.F. Block Trades

      Unless otherwise agreed to by the principal counterparties to the block trade, the seller, or, in the case of a brokered transaction, the broker handling the block trade, must ensure that each block trade is reported to the Exchange within the time period and in the manner specified by the Exchange.  The report must include the contract, contract month, price, quantity of the transaction, the respective clearing members, the time of execution, and, for option, strike price, put or call and expiration month.  The Exchange shall promptly publish such information separately from the reports of transactions in the regular market.

      FINDINGS:

      On one occasion in January 2018, R.J. O'Brien & Associates, LLC did not report a block trade in a timely manner to the Exchange.  The block trade was executed in February 2018 Chicago Ethanol (Platts) Futures.

      PENALTY:

      On April 4, 2018, the Rule 512 Committee, pursuant to Rule 512, assessed a fine in the amount of $1,000 against R.J. O'Brien & Associates, LLC for its violation of NYMEX Rule 526.F.  R.J. O'Brien & Associates, LLC's request for reconsideration was denied on April 24, 2018, and the summary fine became effective on the date below.

      EFFECTIVE DATE:

      May 8, 2018