NOTICE OF DISCIPLINARY ACTION

FILE NO.:

19-0015

MEMBER:

CURTIS J. KROLAK (CKRO)

RULE VIOLATION:

515. REGISTRATION AND IDENTIFICATION OF BROKER ASSOCIATIONS.--

E. TRADING RESTRICTIONS

(In pertinent part)

The Exchange may impose limits on the percentage of brokerage volume that members of a broker association may execute with one another.

FINDINGS:

During February 2019, Krolak’s execution of orders in Eurodollar options and Eurodollar MidCurve options opposite other members of his broker association exceeded the 20% limit established pursuant to Rule 515.E.

PENALTY:

Pursuant to the Rule 515.E. sanction schedule, Krolak was issued a $5,000 fine on April 12, 2019, for his second violation of Rule 515.E. within 12 months.

EFFECTIVE DATE:

April 30, 2019