International derivatives marketplace CME Group has posted a notice of disciplinary action against Pacific Investment Management Company LLC (PIMCO).
Pursuant to an offer of settlement in which PIMCO neither admitted nor denied the Rule violation or factual findings upon which the penalty was based, on May 7, 2025, a Panel of the NYMEX Business Conduct Committee found that at the close of business on September 17, 2024, PIMCO held a short futures-equivalent position of 6,325 contracts in October 2024 Crude Oil futures, which was 325 contracts (5.42%) over the position limit. PIMCO liquidated its overage position the next trading day, which resulted in a $11,220.00 profit.
The Panel found that PIMCO violated Rule 562 as a result of the foregoing.
In accordance with the settlement offer, the Panel ordered PIMCO to pay a $15,000 fine and disgorge $11,220.00.
The effective date of the notice of disciplinary action is May 9, 2025.
