NOTICE OF SUMMARY ACTION

FILE NO.:

22-1542-FC

MEMBER FIRM:

BENJAMIN LICHSTEIN (CHE)

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 February 7, 2022, a panel of the Floor Conduct Committee found that on January 26, 2022, Lichstein used undue force while engaged in a verbal dispute with another member in the Eurodollar/ SOFR options pit. The Panel found that in so doing, Lichstein violated CME Rule 514. A.7.

PENALTY:

The Panel imposed a fine of $7500.

EFFECTIVE DATE:

February 18, 2022