NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CME 08-05043-BC
 

MEMBER:

DAVID STEIN (URP)
 

CME RULE:

432.Q General Offenses
It shall be an offense to commit an act which is detrimental to the interest or welfare of the Exchange or to engage in any conduct which tends to impair the dignity or good name of the Exchange.

FINDINGS:

Pursuant to an offer of settlement in which David Stein neither admitted nor denied the findings on March 23, 2010, a Panel of the CME Business Conduct Committee found that on June 9, 2009, David Stein made threatening remarks directed toward an Exchange employee in the Eurodollar Options pit. The Panel found that in so doing Stein violated CME Rule 432.Q.

PENALTY:

The Panel fined Stein $10,000.

EFFECTIVE DATE:

March 25, 2010