NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CBOT 09-03380-BC

MEMBER:

THOMAS R. CORBETT

CBOT RULE VIOLATION:

576. IDENTIFICATION OF GLOBEX TERMINAL OPERATORS

Each Globex terminal operator shall be identified to the Exchange, in the manner prescribed by the Exchange, and shall be subject to Exchange rules. If user IDs are required to be registered with the Exchange, it is the duty of the clearing member to ensure that registration is current and accurate at all times. Each individual must use a unique user ID to access Globex. In no event may a person enter an order or permit the entry of an order by an individual using a user ID other than the individual’s own unique user ID.

FINDINGS:

Pursuant to an offer of settlement in which Thomas Corbett neither admitted nor denied the findings and conclusions herein, on December 8, 2010 a Panel of the CBOT Business Conduct Committee found that Corbett placed buy and sell orders on the Globex platform using a user ID other than his own at various times from January 2009 through March 2009. The Panel found that in so doing, Corbett violated CBOT Rule 576.

PENALTY:

In accordance with the settlement offer, the Panel fined Corbett $10,000 and suspended his membership privileges, access to any CME Group trading floors, and direct access to any CME Group electronic trading or clearing platform for 15 business days, beginning January 20, 2011 and continuing through February 9, 2011, inclusive.

EFFECTIVE DATE:

January 20, 2011