NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CME 06-27375-BC

MEMBER:

CARRIE BREGAR (SUGR)

(LEGACY) CME RULES:

539. Prearranged, Pre-Negotiated and Noncompetitive
Trades Prohibited

A. General Prohibition

No person shall prearrange or pre-negotiate any purchase or sale or noncompetitively execute any transaction….

432. Major Offenses

It shall be a major offense:
…
Q. to commit an act which is substantially detrimental to the interest or welfare of the Exchange.

FINDINGS:

Pursuant to an offer of settlement in which Carrie Bregar neither admitted nor denied the findings, on July 13, 2010, a Panel of the CME Business Conduct Committee found that in 2005 and 2006, while in the Russell 2000® Stock Price Index futures pit, Bregar engaged in a pattern of noncompetitive trading in order to improperly move money from another member’s account into her own account. The Panel found that in doing so, Bregar violated legacy CME Rules 539, as major offense and 432.Q., a major offense.

PENALTY:

In accordance with the settlement offer, the Panel fined Bregar $50,000, and suspended her membership privileges, access to the floor of any CME Group Exchange and having direct access to all CME Group electronic trading and clearing platforms for 50 business days. The suspension will run from July 1, 2010, through September 10, 2010, inclusive.

EFFECTIVE DATE:

July 15, 2010