NOTICE OF DISCIPLINARY ACTION

  FILE NO.:  24-1763-FC

  MEMBER FIRM:  PETER KOSANOVICH (MGLA)

  RULE VIOLATION:  514. TRADING INFRACTIONS.

       A. The following shall constitute trading infractions:

           514.A.6. use of profane, obscene, or unbusinesslike language on the trading floor;            

            514.A.9. conduct of an unbusinesslike nature;

   FINDINGS:  On May 20, 2024, a panel of the Floor Conduct Committee found that on April 12, 2024, Kosanovich directed unbusinesslike language at another member, left his area of the pit and stood in another members assigned spot. The Panel found that in so doing, Kosanovich violated CME Rules 514.A.6 and 514.A.9. 

  PENALTY:  The Panel imposed a fine of $5000

  EFFECTIVE DATE:  June 5, 2024