NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CBOT 10-04973-BC

MEMBER:

Anthony Ensalaco (ENS)

CBOT RULE VIOLATION:

Rule 521. Requirements for Open Outcry Trades (in part)

In open outcry trading, bidding and offering practices must at all times be conducive to the competitive execution of transactions. All open outcry transactions, including spread and combination transactions, shall be made openly and competitively in the pit designated for the trading of the particular transaction. No bid or offer shall be specified for acceptance by a particular trader…

FINDINGS:

Pursuant to an offer of settlement in which Anthony Ensalaco neither admitted nor denied the rule violation upon which the penalty is based, on August 22, 2013, a Panel of the CBOT Business Conduct Committee found that on one or more occasions from June through September 2011, Ensalaco did not openly and competitively bid or offer for trades made for his personal account in the Corn futures pit. The Panel concluded that in so doing, Enslaco violated CBOT Rule 521.

PENALTY:

In accordance with the settlement offer, the Panel fined Ensalaco $5,000, ordered him to disgorge $4,000 in profit and suspended his membership privileges, access to the trading floor, and direct access to any electronic trading or clearing platform owned or operated by CME Group for 10 business days beginning on August 26, 2013, through and including September 9, 2013.

EFFECTIVE DATE:

August 26, 2013