NOTICE OF DISCIPLINARY ACTION

NON-MEMBER:

TULLETT PREBON AMERICAS CORP.

NYMEX RULE:

RULE 526. BLOCK TRADES

The Exchange shall designate the products in which block trades shall be permitted and determine the minimum quantity thresholds for such transactions. The following shall govern block trades:

F. 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 options, 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:

Pursuant to an offer of settlement that Tullett Prebon Americas Corp. (“TP Americas”) presented at a hearing on December 10, 2020, in which TP Americas neither admitted nor denied the rule violation upon which the penalty is based, a Panel of the NYMEX Business Conduct Committee (“Panel”) found that, in January 2019, TP Americas executed numerous block trades for customers in various NYMEX Energy futures contracts that TP Americas failed to report accurate trade details for these block trades to the Exchange.

The Panel concluded that TP Americas violated NYMEX Rule 526.F. (“Block Trades”).

PENALTY:

In accordance with the settlement offer, the Panel ordered TP Americas to pay a fine to the Exchange in the amount of $50,000.