The international derivatives market CME Group issued a notice of disciplinary measures against Peter Kosanovich (MGLA).
On May 20, 2024, a panel of the Committee on Floor Conduct found that on April 12, 2024, Kosanovich directed foul language at another member, left the pit area, and stood in another member’s assigned seat.
The panel found that in doing so, Kosanovich violated CME Rules 514.A.6 and 514.A.9.
The commission imposed a fine of $5,000.
Recall that Mr. Kosanovich has previously been fined for misconduct on the trading floor. A panel of the Floor Conduct Committee found that on January 6, 2022, Mr. Kosanovich used unwarranted force while in a trading dispute with another member at the Eurodollar Options Pit.