ICE Futures US has published a disciplinary action against Aspire Commodities LLC.

A subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that Aspire Commodities LLCmay have violated Rule 6.20(c) on December 23, 2022 and May 25, 2023 by inadvertently establishing a position in the spot month NYMEX Henry Hub Natural Gas Future (NG) while holding a position in the spot month Henry LD1 Fixed Price Future (H) that was over the spot month position limit pursuant to a Conditional Limit application.

The Committee also found that Aspire may have violated Rule 4.01(a) by failing to diligently supervise the Exchange-related activities of its employees and Rule 4.01(b) by failing to establish, administer, and enforce supervisory systems, policies, and procedures reasonably designed to achieve compliance with Exchange rules.

In accordance with the terms of settlement, in which Aspire neither admitted nor denied the alleged rule violations, Aspire agreed to pay a monetary penalty of $50,000 and disgorge $181,000 in benefits gained.