Case Summary

BLAKE STROHOFER NYME 10-07596-BC BLAKE STROHOFER NFA ID: 0331774

 Respondent/Effective Date Summary 
 NFA IDRespondentEffective Date
 0331774STROHOFER, BLAKE05/01/2014
 Rule Summary 
 NFA IDRespondentRule Type
 0331774STROHOFER, BLAKE• 432.X - General Offenses – To aid and abet the Commission of any offense against the Exchange
  • 432.B - Fraud, act of bad faith, or conduct inconsistent with just and equitable principles of trade
 Committee Summary 
 NFA IDRespondentCommittee
 0331774STROHOFER, BLAKE• BUSINESS CONDUCT COMMITTEE
 Action Summary 
 NFA IDRespondentAction Types
 0331774STROHOFER, BLAKE• TRADE PRACTICE
 Penalty/Event Summary 
 NFA IDRespondentPenalty/EventEvent Date
 0331774STROHOFER, BLAKE• COMPLETE TRADING AND ACCESS BAN 10 YRS04/29/2014
  • SUSPENDED FROM MEMBERSHIP 10 YRS04/29/2014
 Narrative Summary 
Narrative for 0331774 - STROHOFER, BLAKE
Pursuant to an offer of settlement in which Blake Strohofer (“Strohofer”) neither admitted or denied the rule violations upon which the penalty is based,on April 29, 2014, a Panel of the NYMEX Business Conduct Committee (“BCC”) found that Strohofer voluntarily submitted himself to the jurisdiction of the Exchange for purposes of settling this matter and that, in three instances on trade dates June 28, 2010 and July 28, 2010, Strohofer entered orders for Natural Gas futures contracts intended for his customer(“Strohofer’s customer”) and allocated them to an account owned by a former Associated Person. These Natural Gas orders, which ranged from 124 to 196 lots, were offset by matching the former Associated Person’s account opposite Strohofer’s customer’s account via block trades. The executed block trades resulted in Strohofer’s customer receiving non-competitive prices and being disadvantaged, while the former Associated Person realized a profit.

The Panel found that Strohofer thereby violated NYMEX Rules 432.B.2. (General Offenses – Inconsistent With Just and Equitable Principles of Trade) and 432.X.(General Offenses -Aid or Abet the Commission of Any Offense Against the Exchange).

In accordance with the settlement offer and taking into consideration Strohofer’s financial condition when levying the sanction, the Panel ordered Strohofer to serve a 10 year suspension from membership privileges on any CME Group Inc. exchange, access to all CME Group Inc. trading floors and direct or indirect access to all electronic trading and clearing platforms owned or operated by CME Group Inc., including Globex. The suspension will run from

May 1, 2014 through May 1, 2024.

This action became final on April 29, 2014 and effective May 1, 2014.