NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CME 09-06088-BC

NON-MEMBER:

LEXINGTON ASSET MANAGEMENT LLC

CME RULE VIOLATION:

432 GENERAL OFFENSES (Legacy)

It shall be an offense:
 

G. To act as a buyer and seller in the same transaction

FINDINGS:

Pursuant to an offer of settlement in which Lexington Asset Management LLC (“Lexington”) neither admitted nor denied the rule violations upon which the penalty is based, on August 18, 2011, a Panel of the CME Business Conduct Committee found that on May 1, 2009, Lexington acted as both buyer and seller in the same transaction in various CME futures contracts executed on the CME Globex Electronic Trading Platform. The Panel found that in so doing, Lexington violated Legacy CME Rule 432.G.

PENALTY:

In accordance with the settlement offer, the Panel fined Lexington $5,000.

EFFECTIVE DATE:

August 22, 2011