NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CME 09-06059-BC

MEMBER:

CHRISTOPHER FOUFAS (CTF)

CME RULE VIOLATIONS:

Rule 531.A. Trading Against Orders Prohibited – General Prohibition

No person in possession of a customer order shall knowingly take, directly or indirectly, the opposite side of such order for his personal account, an account in which he has a direct or indirect financial interest, or an account over which he has discretionary trading authority.

FINDINGS:

Pursuant to an offer of settlement in which Christopher Foufas neither admitted nor denied the rule violations upon which the penalty is based, on May 31, 2012, a Panel of the CME Business Conduct Committee found that on occasions between May 2009 through October 2010 while acting as a broker in the Standard & Poor’s 500 Stock Price Index futures pit, Foufas indirectly traded opposite his customer orders. The Panel concluded that in so doing, Foufas violated CME Rule 531.A.

PENALTY:

In accordance with the settlement offer, the Panel ordered Foufas to cease and desist from the conduct that violated CME Rule 531.A. In levying the penalty the Panel considered the CFTC’s corresponding action and sanctions for the same activity involving Foufas.

EFFECTIVE DATE:

July 26, 2012