CME RULE VIOLATION:
539. PREARRANGED, PRE-NEGOTIATED AND NON-COMPETITIVE TRADES PROHIBITED
A. No person shall prearrange or pre-negotiate any purchase or sale or non-competitively execute any transaction. . . .
Pursuant to an offer of settlement in which Nicolas Lenoir neither admitted nor denied any rule violations upon which the penalty is based, on November 1, 2011, a panel of the Chicago Mercantile Exchange (“CME”) Business Conduct Committee found that on December 31, 2008, Lenoir instructed a desk clerk to cross two 500-lot Eurodollar futures orders in the Eurodollar futures pit in a manner that resulted in the noncompetitive execution of the orders. The panel found that in doing so, Nicolas Lenoir violated CME Rule 539.A.
In accordance with the offer of settlement, the Panel fined Nicolas Lenoir $15,000.
November 3, 2011
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