NOTICE OF SUMMARY ACTION

FILE NO.: 

22-1535-FC

MEMBER FIRM: 

PETER KOSANOVICH (MGLA)

RULE VIOLATION:

514. TRADING INFRACTIONS. A. The following shall constitute trading infractions: 7. ("use of undue force while on, entering or leaving the trading floor")

FINDINGS:

On January 19, 2022, a panel of the Floor Conduct Committee found that on January 6. 2022, Kosanovich used undue force while engaged in a trade dispute with another member in the Eurodollar Options Pit. The Panel found that in so doing Kosanovich violated CME Rule 514.A.7.

PENALTY:

The Panel imposed a fine of $1000.

EFFECTIVE DATE:

January 31, 2022