NOTICE OF DISCIPLINARY ACTION

FILE NO.:

NYMEX 10-07485-BC
 

NON-MEMBER:

Peak Ridge Masters SPC Ltd.
 

NYMEX RULE VIOLATION:

Legacy NYMEX Rule 443. Position Limit Violations

Any positions in excess of those permitted under the rules of the Exchange shall be deemed position limit violations.
 

FINDINGS:

Pursuant to an offer of settlement in which Peak Ridge Masters SPC Ltd. (“Peak Ridge”), a non-member customer of the New York Mercantile Exchange (“NYMEX”), neither admitted nor denied the findings or any rule violation upon which the penalty is based and after voluntarily submitting itself to the jurisdiction of the Exchange for purposes of resolving this matter, on August 24, 2011, a Panel of the NYMEX Business Conduct Committee (the “Panel”) found that on January 25, 2010, a date subject to a 1,000 contract spot month speculative position limit for the expiring February 2010 Henry Hub Financial Last Day (“HH”) futures contract, Peak Ridge maintained a short HH futures position that exceeded the speculative position limit by 1,390 contracts or 139% in excess of the permitted level.

The Panel found that in so doing, Peak Ridge violated NYMEX Rule 443. 

PENALTY:

In accordance with the settlement offer and its findings, the Panel ordered Peak Ridge to pay a fine of $30,000. 

EFFECTIVE DATE:

August 26, 2011