NOTICE OF SUMMARY ACTION

FILE NO.:

CME-DQA-20-0539

MEMBER:

SCOTT D. MOORE (SDM)

RULE VIOLATION:

515.    REGISTRATION AND IDENTIFICATION OF BROKER ASSOCIATIONS.--

                                         E.    TRADING RESTRICTIONS

                                                (In pertinent part)

The Exchange may impose limits on the percentage of brokerage volume that members of a broker association may execute with one another.

FINDINGS:

During September 2020, Moore’s execution of orders in Eurodollar options and Eurodollar MidCurve options opposite other members of his broker association exceeded the 20% limit established pursuant to Rule 515.E.

PENALTY:

Pursuant to the Rule 515.E. sanction schedule, Moore was issued a $5,000 fine on November 11, 2020, for his second violation of Rule 515.E. within 12 months.

EFFECTIVE DATE:

December 4, 2020