NOTICE OF SUMMARY ACTION

FILE NO.:

CBT-RSRH-19-5594

MEMBER FIRM:

PHILLIP CAPITAL INC

CBT RULES:

CBT Rule 807. Open Long Positions During Delivery Month

At such times and in such manner as shall be prescribed by the Manual, clearing members shall submit a complete and accurate record of dates of all open purchases for use in making deliveries. Clearing members shall be fully responsible for inventories submitted to the Clearing House. This rule shall not apply to trading in options contracts.

FINDINGS:

During the month of August 2019, Phillip Capital Inc. inaccurately reported long positions eligible for delivery in the August 2019 Soybean Oil futures contract.

PENALTY:

On September 13, 2019, pursuant to Rule 512, a fine in the amount of $1,500 was assessed against Phillip Capital Inc. for its violation of Rule 807.

EFFECTIVE DATE:

November 1, 2019