NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CME 13-9327-BC

NON-MEMBER:

CRISTIANO PRIMICERI

CME RULE VIOLATION:

432 GENERAL OFFENSES (in part)

It shall be an offense:

B. (1) to engage in fraud or bad faith; (2) to engage in conduct or proceedings inconsistent with just and equitable principles of trade;

C. to engage in dishonest conduct;

G. to prearrange the execution of transaction in Exchange products for the purpose of transferring equity between accounts.

FINDINGS:

Pursuant to an offer of settlement in which Cristiano Primiceri (“Primiceri”) neither admitted nor denied the rule violations upon which the penalty is based, and after voluntarily submitting himself to the jurisdiction of the Exchange for purposes of resolving the matter, on April 7, 2014, a Panel of the CME Business Conduct Committee found that during February 2013, Primiceri prearranged the execution of numerous round turn transactions in Nikkei Dollar futures, Random Length Lumber futures, and British Pound options on futures contracts on the CME Globex electronic platform for the purpose of transferring funds from his employer’s account to his personal account. The Panel concluded that Primiceri thereby violated CME Rules 432.B., 432.C. and 432.G.

PENALTY:

In accordance with the settlement offer, and taking into consideration that Primiceri has already paid full restitution in the amount of $81,878.50, the Panel barred Primiceri from accessing any CME Group Inc. trading floor, and direct and indirect access to all electronic trading and clearing platforms owned or controlled by CME Group Inc. for two years, beginning on the effective date below and continuing through and including April 9, 2016.

EFFECTIVE DATE:

April 9, 2014