Case Summary

ONTARIO TEACHERS PENSION PLAN CME 13-9339-BC NFA ID: 0476896

 Respondent/Effective Date Summary 
 NFA IDRespondentEffective Date
 0476896ONTARIO TEACHERS PENSION PLAN05/02/2014
 Rule Summary 
 NFA IDRespondentRule Type
 0476896ONTARIO TEACHERS PENSION PLAN• 562 - Position Limit Violations
 Committee Summary 
 NFA IDRespondentCommittee
 0476896ONTARIO TEACHERS PENSION PLAN• BUSINESS CONDUCT COMMITTEE
 Action Summary 
 NFA IDRespondentAction Types
 0476896ONTARIO TEACHERS PENSION PLAN• TRADE PRACTICE
 Penalty/Event Summary 
 NFA IDRespondentPenalty/EventEvent Date
 0476896ONTARIO TEACHERS PENSION PLAN• FINE PAID $1500005/22/2014
  • DISGORGEMENT PAID $17899.8205/22/2014
  • DISGORGEMENT $17899.8204/30/2014
  • FINE $1500004/30/2014
 Narrative Summary 
Narrative for 0476896 - ONTARIO TEACHERS PENSION PLAN
FINDINGS: Pursuant to an offer of settlement in which Ontario Teachers’ Pension Plan Board (“OTPP”) neither admitted nor denied the rule violation upon which the penalty is based and after consenting to the jurisdiction of the Exchange under Rule 418, on April 30, 2014, a Panel of the CME Business Conduct Committee (“Panel”) found that on March 5, 2013, and March 6, 2013, OTPP carried positions in excess of the single month speculative position limit in June 2013 Lean Hog Futures by approximately 2.1% and 2.6%, respectively. OTPP liquidated its overage position at a profit of $17,899.82. The Panel concluded that OTTP thereby violated CME Rule 562.

PENALTY: In accordance with the settlement offer the Panel ordered OTPP to pay a fine of $15,000 and disgorgement of $17,899.82.

EFFECTIVE DATE: May 2, 2014