ADM INVESTOR SERVICES, INC.
NYMEX RULE VIOLATION: Rule 811. POSITION CHANGE DATA
Position change data must be submitted to the Clearing House each trading day not later than the time specified by the Clearing House. Position change data will be in such form and contain such information as prescribed by the Clearing House. When requested, the identification of accounts will be made available to the Financial and Regulatory Surveillance Department.
Pursuant to an offer of settlement in which ADM Investor Services, Inc. (“ADMIS”) neither admitted nor denied the rule violations upon which the penalty is based, on September 23, 2014, a Panel of the NYMEX Business Conduct Committee (“BCC” or “Panel”) found that it had jurisdiction over ADMIS pursuant to NYMEX Rules 400 and 402 as the conduct occurred while ADMIS was a NYMEX member. The Panel also found that for trade date June 17, 2013, ADMIS reported inaccurate open interest in the July, August, and September 2013 NYMEX Singapore Fuel Oil 180 cst (Platts) 6.35 Dubai (Platts) Crack Spread (“STS”) futures contract, which resulted in the overstatement of open interest. The Panel further found that for trade date June 27, 2013, ADMIS reported inaccurate open interest in the August and September 2013 STS futures contract, which resulted in the overstatement of open interest. The Panel concluded that ADMIS thereby violated NYMEX Rule 811.
In accordance with the settlement offer, the Panel fined ADMIS $5,000.
September 25, 2014
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