FC STONE, LLC
CBOT RULE VIOLATIONS:
536. RECORD KEEPING REQUIREMENTS FOR PIT, GLOBEX, AND NEGOTIATED TRADES
D. Customer Type Indicator (CTI) Codes (in part)
Each clearing member must identify each transaction executed on the trading floor or on the Globex platform on the record of transactions submitted to the Exchange with the correct customer type indicator (CTI) code.
Pursuant to an offer of settlement in which FC Stone, LLC (“FC Stone”) neither admitted nor denied the rule violations upon which the penalty is based, on May 28, 2014, a Panel of the CBOT Business Conduct Committee found that during the time periods of May 24, 2012, through June 6, 2012, July 25, 2012, through August 8, 2012, March 1, 2013, through March 15, 2013, and October 1, 2013, through October 31, 2013, FC Stone submitted incorrect CTI codes for numerous trades executed on the Exchange. The Panel concluded that FC Stone thereby violated CBOT Rule 536.D.
In accordance with the settlement offer, the Panel ordered FC Stone to pay a fine of $4,000.00.
May 30, 2014