International derivatives marketplace CME Group has published a notice of disciplinary action against Jerome Ogrodzki.

Pursuant to an offer of settlement in which Ogrodzki neither admitted nor denied the rule violations or factual findings upon which the penalty is based, on May 28, 2025, a Panel of the CBOT Business Conduct Committee found that between October 20, 2023, and October 24, 2023, Ogrodzki, an independent trader, executed round-turn transactions in the 30-Year U.S. Treasury Bond Options market on the CME Globex electronic platform between an account owned by another individual over which Ogrodzki had discretion to trade and Ogrodzki’s personal account.

The purpose of these transactions was to transfer $10,775 on both CBOT and CME from the individual account to Ogrodzki’s account.

Additionally, Ogrodzki entered certain orders using an operator ID other than his own unique operator ID.

The Panel found that, as a result, Ogrodzki violated Rules 432.G. and 576.

In accordance with the settlement offer, the BCC ordered Ogrodzki to pay a $25,000 fine ($10,000 of which is allocated to CBOT), to pay restitution totaling $10,775, and to serve a six-month suspension from access to any trading floor owned or controlled by CME Group and from direct and indirect access to any designated contract market, derivatives clearing organization or swap execution facility owned or controlled by CME Group, beginning on the effective date (May 30, 2025) and continuing for six months from the date that the ordered fine and restitution are paid in full.