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Chapter 7 — Adverse Events, Rule Violations & Disciplinary Action

Rule Violation Whether composition may be offered Composition Amount which may be Offered by the Exchange, where the Exchange has Determined the Member, Approved Trader and/or Registered Representative to be Liable Mandatory minimum penalty imposable by the DC
Rule Chapter/Number Brief Description of Rule Members Approved Traders Registered Representatives
1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation
Chapter 7 — Adverse Events, Rule Violations & Disciplinary Action
7.1 Adverse Events and Rule Violations
7.1.5 Member, Approved Trader or Registered Representative to immediately notify the Exchange of any Adverse Event or Rule Violation Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
7.2 Exchange's Disciplinary Powers
7.2.3 Member, Approved Trader and Registered Representative to comply with restrictions or conditions imposed by the Exchange on its business Not Compoundable Not Compoundable $10,000
7.2.4 Member, Approved Trader or Registered Representative to comply with restrictions on its activities imposed by the Exchange, where it has been charged Not Compoundable Not Compoundable $10,000
7.3 Exchange's Powers upon Occurrence of Adverse Events
7.3 Member, Approved Trader or Registered Representative to comply with the requirements of the Exchange upon the occurrence of an Adverse Event Not Compoundable Not Compoundable $10,000
7.4 Investigations by the Exchange
7.4.3 Member and its officers, Approved Trader or Registered Representative to cooperate with investigations Not Compoundable Not Compoundable $10,000
7.4.4 Member, Approved Trader or Registered Representative not to wilfully make, furnish, or permit the making or furnishing of false or misleading information Not Compoundable Not Compoundable $10,000
7.4.6 Member, Approved Trader or Registered Representative to provide information as required by the Exchange Not Compoundable Not Compoundable $10,000
7.7 Disciplinary Committee Proceedings
7.7.5(b) Person charged and sponsoring corporate Member not to disclose information received in relation to the charge and to give written undertaking to that effect Not Compoundable Not Compoundable $10,000
7.10 Appeals Proceedings
7.10.6(b) Person charged and sponsoring corporate Member not to disclose information received in relation to the charge and to give written undertaking to that effect Not Compoundable Not Compoundable $10,000

Added on 16 May 201116 May 2011.