NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CME 09-06429-BC
 

NON-MEMBER:

CHICAGO CAPITAL MARKETS, LLC.

CME RULE VIOLATIONS:

536.H. Retention of Records

Each member and member firm and employees of the foregoing must keep full, complete and systematic records, including records created or transmitted electronically, together with all pertinent data and memoranda, of all transactions relating to its business of dealing in commodity futures, options and cash transactions in accordance with CFTC Regulation 1.35. Such records must be retained for a minimum of five years in permanent form, and shall at all times be open to inspection by Exchange staff or any representative of the CFTC or the United States Department of Justice.

FINDINGS:

Pursuant to an offer of settlement in which Chicago Capital Markets, LLC (“CCM”) neither admitted nor denied the rule violations upon which the penalty is based, on March 29, 2012, a Panel of the CME Business Conduct Committee found that CCM failed to properly maintain and provide instant messages related to the entry of orders on May 6, 2010. The Panel found that in so doing, CCM violated CME Rule and 536.H.

PENALTY:

In accordance with the offer of settlement, the Panel fined CCM $15,000.

EFFECTIVE DATE:

April 2, 2012