Exchange. Bulletin. January 21, 2011 Volume 39, Number 03 TRADING PERMIT INFORMATION FOR 01/13/2011 THROUGH 01/19/2011

Transcription

1 Exchange January 21, 2011 Volume 39, Number 03 Bulletin The Bylaws and Rules of Chicago Board Options Exchange, Incorporated ( Exchange ), in certain specific instances, require the Exchange to provide notice to Exchange Trading Permit Holders. To satisfy this requirement, a copy of the Exchange Bulletin, including the Regulatory Bulletin, is delivered by or by hard copy free of charge to all effective Trading Permit Holders on a weekly basis. Trading Permit Holders are encouraged to receive the Exchange and Regulatory Bulletin and Information Circulars via . subscriptions may be obtained by submitting your name, firm if applicable, address, and phone number, to registration@cboe.com. If you do sign up for delivery, please remember to inform the Registration Services Department of address changes. Subscriptions for hard copy delivery may be obtained by submitting your name, firm if any, mailing address and telephone number to: Chicago Board Options Exchange, Registration Services Department, 400 South LaSalle, Chicago, Illinois 60605, Attention: Bulletin Subscriptions. For access to the CBOE Trading Permit Holder Web Site, please also notify the Registration Services Department by sending an to registration@cboe.com or by phone at Copyright 2011 Chicago Board Options Exchange, Incorporated TRADING PERMIT INFORMATION FOR 01/13/2011 THROUGH 01/19/2011 TRADING PERMIT APPLICATIONS RECEIVED FOR WHICH BULLETIN PUBLICATION IS REQUIRED Individual Applicant Gregory P. Shissler, Nominee Cutler Group, L.P Burnt House Hill Rd Doylestown, PA TERMINATIONS Individual Nominee: Termination Date Haim Y. Bodek 1/14/11 Trading Machines LLC TPH Organization Termination Date Trading Machines LLC 1/14/11 EFFECTIVE TRADING PERMIT HOLDERS Individual Nominee: Effective Date Matthew W. Shapiro (MXS) 1/18/11 DRO WST Trading LLC Type of Business to be Conducted: Market Maker

2 Page 2 January 21, 2011 Volume 39, Number 03 Chicago Board Options Exchange RESEARCH CIRCULARS The following Research Circulars were distributed between January 18 and January 21, If you wish to read the entire document, please refer to the CBOE website at and click on the Trading Tools Tab. New listings and series information is also available in the Trading Tools section of the website. For questions regarding information discussed in a Research Circular, please call The Options Clearing Corporation at OPTIONS. Research Circular #RS January 18, 2011 Del Monte Foods Company ("DLM") Proposed Merger with Blue Acquisition Group, Inc. Research Circular #RS January 18, 2011 L-1 Identity Solutions, Inc. ( ID ) Proposed Merger with Safran SA Research Circular #RS January 19, 2011 China Architectural Engineering, Inc. ( CAEID/CAEI/CAEI1 ) Stock Symbol Change to ( CAEI ) Effective Date: January 20, 2011 Research Circular #RS January 19, 2011 Tanger Factory Outlet Centers ( SKT ) 2-for-1 Stock Split Ex-Distribution Date: January 25, 2011 Research Circular #RS January 19, 2011 *****UPDATE FINAL DISTRIBUTION RATE DETERMINED***** Diana Shipping Inc. ( DSX ) Distribution of Shares of Diana Containerships Inc. ( DCIX ) Ex-Distribution Date: January 19, 2011 Research Circular #RS January 20, 2011 Freeport-McMoRan Copper & Gold Inc. ( FCX ) 2-for-1 Stock Split Ex-Distribution Date: February 2, 2011 Research Circular #RS January 20, 2011 Dynegy Inc. ( DYN ) Tender Offer by IEH Merger Sub LLC Research Circular #RS January 20, 2011 TO: Permit Holders Capitol Federal Financial ( CFFND/CFFN/CFFN1 ) Stock Symbol Change to ( CFFN ) Effective Date: January 21, 2011 Research Circular #RS January 21, 2011 Dollar Financial Corporation ( DLLR ) 3-for-2 Stock Split Ex-Distribution Date: February 7, 2011 Research Circular #C2-RS January 21, 2011 Freeport-McMoRan Copper & Gold Inc. ( FCX ) 2-for-1 Stock Split Ex-Distribution Date: February 2, 2011

3 January 21, 2011 Volume RB22, Number 3 The Bylaws and Rules of Chicago Board Options Exchange, Incorporated ( Exchange ), in certain specific instances, require the Exchange to provide notice to Trading Permit Holders. The weekly Regulatory Bulletin is delivered to all effective Trading Permit Holders to satisfy this requirement. Copyright 2011 Chicago Board Options Exchange, Incorporated. REGULATORY CIRCULARS Regulatory Circular RG Date: January 18, 2011 To: From: Re: Trading Permit Holders Registration and Regulatory Services Division Annual Reporting Pursuant to CBOE Rule Supervision of Accounts Trading Permit Holders and Trading Permit Holder Organizations that are approved to conduct business with non-member customers are reminded that CBOE Rule 9.8(g), requires that each Trading Permit Holder and TPH organization submit to the Exchange a written report by April 1 of each year detailing the TPH organization s supervision and compliance effort, including its options compliance program, during the preceding year as well as reporting on the adequacy of the TPH organization s ongoing compliance processes and procedures. In addition, CBOE Rule 9.8(h) requires that each Trading Permit Holder and TPH organization submit, by April 1 of each year, a copy of the CBOE Rule 9.8(g) annual report to one or more of its control persons or, if the Trading Permit Holder or TPH organization has no control person, to the audit committee of its board of directors or its equivalent committee or group. CBOE Rule 9.8(g) provides that a Trading Permit Holder and TPH organization that specifically includes its options compliance program in a report that complies with substantially similar requirements of FINRA will be deemed to have satisfied the requirements of Rules 9.8(g) and 9.8(h), however, Trading Permit Holders and TPH organizations are still required to file the report with CBOE. Trading Permit Holders and TPH organizations may submit the required report to the Department of Member Firm Regulation. Questions concerning this Regulatory Circular can be addressed to Lawrence J. Bresnahan at (312) or Robert Gardner at (312) Replaces RG January 21, 2011 Volume RG22, Number 3 1

4 Regulatory Circular RG To: Trading Permit Holders and Trading Permit Holder Organizations From: Registration Services Date: January 20, 2011 Re: Market Maker Permit Sliding Fee Scale Trading Permit Holders that would like to participate in the Market-Maker Trading Permit Sliding Scale as discussed below must complete the attached Election to Participate for 2011 Form ( Form ) and return the Form to Registration Services, ATTN: Stan Leimer no later than Tuesday, January 25, The Form must be signed by an authorized signatory for the Trading Permit Holder and may be ed to registration@cboe.com or faxed to (312) Please direct any questions to Regina Millison at (312) or millison@cboe.com or to Stan Leimer at (312) or leimer@cboe.com. *** Reprinted from Regulatory Circular RG A Trading Permit Holder may elect to participate in the Market-Maker Trading Permit Sliding Scale set forth below. The following sliding scale will be available for all Market-Maker Trading Permits held by affiliated Trading Permit Holders and TPH organizations that are used for appointments in any options classes other than SPX, VIX, OEX and XEO. Any Market-Maker Trading Permits used for these four classes, whether in whole or in part, are excluded from this sliding scale and will be priced at $6,000/month. To qualify for the rates set forth in Tiers 1 and 2 in the sliding scale, the applicable Trading Permit Holder(s) and/or TPH organization(s) must commit to a specific tier that includes a minimum number of eligible Market-Maker Trading Permits for each calendar year. To do so, a Market- Maker Trading Permit Holder must notify the Registration Services Department by January 25th of each year (or the preceding business day if the 25 th is not a business day) of the Tier of eligible Market-Maker Trading Permits committed to by that Market-Maker Trading Permit Holder for that year. Market- Makers are not obligated to commit to either tier. However, the discounts will apply only to those that do commit to Tier 1 or Tier 2 for the calendar year. Trading Permit Holders that are not eligible for and/or do not commit to Tier 1 or Tier 2 will pay the standard rate for each Market-Maker Trading Permit, regardless of the total number of Market-Maker Trading Permits used. From To Amount per Month per Permit 1 permit 10 permits $6,000 Tier 1 11 permits 20 permits $4,800 Tier 2 21 or more permits $3,000 January 21, 2011 Volume RG22, Number 3 2

5 If a Trading Permit Holder chooses to commit to either Tier 1 or Tier 2, that Trading Permit Holder will be responsible for the minimum number of permits in the commitment tier for the remainder of the calendar year. Even if a Trading Permit Holder does not maintain the minimum level of eligible Trading Permits in the tier, that Trading Permit Holder is still responsible for the minimum payment for that commitment tier for the remainder of the calendar year. For example, a Trading Permit Holder that commits to eleven eligible permits per month will be subject to a minimum monthly access fee of $64,800 (10 x $6,000 plus $4,800 = $64,800) for that calendar year. Any additional Permits will increase the fee by the applicable amount. Trading Permit Holders will be able to commit to a higher tier of the sliding scale for the remainder of a calendar year, during a commitment year, if the Trading Permit Holder obtains enough eligible Market- Maker Trading Permits and provides written notification to the Registration Services Department by the 25 th day of the month preceding the month in which the higher tier will be effective (or the preceding business day if the 25 th is not a business day). For example, a Trading Permit Holder may provide written notice to commit to Tier 1 effective July 1 for the remainder of the calendar year as long as the Trading Permit Holder obtains enough eligible Trading Permits and provides written notice by June 25 th that the Trading Permit Holder would like to participate in the sliding scale starting in July for the remainder of that calendar year. Even if that Trading Permit Holder subsequently falls below the minimum number of eligible Market-Maker Trading Permits (in the committed calendar year), for the committed tier, the Trading Permit Holder will remain responsible for paying for the tier minimum for the remainder of the calendar year. Trading Permit Holders will be responsible to pay for at least the minimum amount of eligible Market- Maker Trading Permits in the committed tier for the calendar year on a monthly basis unless the Trading Permit Holder entirely terminates as a Trading Permit Holder during the year. If a Trading Permit Holder combines, merges, or is acquired during the course of the calendar year, the surviving Trading Permit Holder will maintain responsibility for the committed number of eligible Market-Maker Trading Permits. January 21, 2011 Volume RG22, Number 3 3

6 ELECTION TO PARTICIPATE FOR SIGNED FORM TO OR FAX TO Trading Permit Holder Information Firm Name: Address: Street Address Suite/Unit # Date: City State Zip Contact Name: Last First M.I. Phone: ( ) Address: Trading Permit Tier Election for 2011 Please Indicate by check mark the Tier Election Tier 1 Tier 2 Election and Signature The Trading Permit Holder elects to participate in the Market-Maker Trading Permit Sliding Scale at the Tier level noted above. We understand that upon election we are responsible for the minimum number of permits in the commitment tier for the remainder of the calendar year. Signature: Date: January 21, 2011 Volume RG22, Number 3 4

7 R U L E C H A N G E S PROPOSED RULE CHANGE(S) Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the Act ), and Rule 19b-4 thereunder, the Exchange has filed the following proposed rule change with the Securities and Exchange Commission ( SEC ). Below, any additions to rule text are underlined. Copies of the rule change filing are available at Members may submit written comments to the Legal Division. The effective date of a proposed rule change will be the date of approval by the SEC, unless otherwise noted. SR-CBOE Variance Strips On January 13, 2011, the Exchange filed Rule Change File No. SR-CBOE , which filing proposes to adopt rules to allow for trading of variance strips. Any questions regarding the rule change may be directed to Angelo Evangelou, Legal Division, at The rule text is shown below and the rule filing is available at Rule 6.53B Variance Strip Trade Process (a) General. The Exchange may allow for trading, via a single transaction, of an option portfolio replicating S&P 500 implied variance ( variance strip trades ). The Exchange will determine the days on which variance strip trades will be allowed. Matched variance strip trades will be deconstructed into individual constituent SPX option series trades that comprise the portfolio. The Exchange will make publicly available a detailed description of the formulas and methodology used to deconstruct variance strip trades into constituent SPX option series. For each day in which variance strip trading is allowed, the Exchange will publish, after the close of trading on the previous day, the options comprising the portfolio for the next day. The options comprising the portfolio are out-of-the-money SPX puts and calls centered around an at-themoney strike price; all constituent options have the same expiration date. Each variance strip portfolio will have a unique symbol. No puts will be listed. Market orders will not be allowed. Variance strips may only trade electronically. (b) Pricing Convention and Order Information. Market prices for variance strips will be expressed and quoted in volatility terms, and trade quantity will be expressed in contracts. Each contract will have a multiplier of $50,000, or some other value as determined and published by the Exchange. (c) Order Execution. Variance strip orders shall be ranked pursuant to one of the matching algorithms set forth in Rule 6.45A, as determined by the Exchange. Once a variance strip match is received by the System, it will deconstruct the match into individual trades in constituent SPX option series. The process used to deconstruct variance strip trades into constituent SPX option legs involves 2-steps. The first step assigns the number of contracts traded for each SPX option series. The number of SPX contracts is a function of the variance strip trade price and trade quantity, as well as time to expiration, interest rates and the strike prices of constituent SPX option legs. The second step assigns trade prices for each SPX option in the variance strip. The System first constructs a baseline implied volatility for each constituent SPX option based on mid-quote prices prevailing at the time of the variance strip trade execution. January 21, 2011 Volume RG22, Number 3 5

8 All of the implied volatilities of the constituent SPX options are then increased or decreased by an equal amount such that when the resulting theoretical option prices are fed back into the VIX formula, the formula value matches the variance strip trade price. Once trade prices are determined for each constituent series, the System executes and reports the trades. The execution prices are unrelated to the existing market for the applicable series, therefore constituent trades are executed and reported without regard for existing bids and offers on the Exchange. January 21, 2011 Volume RG22, Number 3 6

9 ARBITRATION AWARDS Pursuant to Exchange Rule 18.31, Arbitration Awards, for claims filed after September 1, 1989, are publicly available, provided that the name of a public customer will be withheld upon the written request of the customer. Upon written request, copies of Awards are available from the Arbitration Department. Summaries of all Awards are published in the Regulatory Bulletin. In addition, all Awards are provided to the Securities Arbitration Commentator. Awards involving public customers are reported to the Central Registration Depository (CRD). Questions regarding arbitration may be directed to the Arbitration Department at or Case Name: Case Number: MF Global, Inc. v. Michael Lohman 09M002 Date Received: October 28, 2009 Summary of Issues: Unpaid Brokerage Relief Requested: $128, ***** Award on Claim: $128, Award Issued: October 26, 2010 January 21, 2011 Volume RG22, Number 3 7

10 January 21, 2011 Volume RB22, Number 3 The Bylaws and Rules of Chicago Board Options Exchange, Incorporated ( Exchange ), in certain specific instances, require the Exchange to provide notice to Trading Permit Holders. The weekly Regulatory Bulletin is delivered to all effective Trading Permit Holders to satisfy this requirement. Copyright 2011 Chicago Board Options Exchange, Incorporated. REGULATORY CIRCULARS Regulatory Circular RG Date: January 18, 2011 To: From: Re: Trading Permit Holders Registration and Regulatory Services Division Annual Reporting Pursuant to CBOE Rule Supervision of Accounts Trading Permit Holders and Trading Permit Holder Organizations that are approved to conduct business with non-member customers are reminded that CBOE Rule 9.8(g), requires that each Trading Permit Holder and TPH organization submit to the Exchange a written report by April 1 of each year detailing the TPH organization s supervision and compliance effort, including its options compliance program, during the preceding year as well as reporting on the adequacy of the TPH organization s ongoing compliance processes and procedures. In addition, CBOE Rule 9.8(h) requires that each Trading Permit Holder and TPH organization submit, by April 1 of each year, a copy of the CBOE Rule 9.8(g) annual report to one or more of its control persons or, if the Trading Permit Holder or TPH organization has no control person, to the audit committee of its board of directors or its equivalent committee or group. CBOE Rule 9.8(g) provides that a Trading Permit Holder and TPH organization that specifically includes its options compliance program in a report that complies with substantially similar requirements of FINRA will be deemed to have satisfied the requirements of Rules 9.8(g) and 9.8(h), however, Trading Permit Holders and TPH organizations are still required to file the report with CBOE. Trading Permit Holders and TPH organizations may submit the required report to the Department of Member Firm Regulation. Questions concerning this Regulatory Circular can be addressed to Lawrence J. Bresnahan at (312) or Robert Gardner at (312) Replaces RG January 21, 2011 Volume RG22, Number 3 1

11 Regulatory Circular RG To: Trading Permit Holders and Trading Permit Holder Organizations From: Registration Services Date: January 20, 2011 Re: Market Maker Permit Sliding Fee Scale Trading Permit Holders that would like to participate in the Market-Maker Trading Permit Sliding Scale as discussed below must complete the attached Election to Participate for 2011 Form ( Form ) and return the Form to Registration Services, ATTN: Stan Leimer no later than Tuesday, January 25, The Form must be signed by an authorized signatory for the Trading Permit Holder and may be ed to registration@cboe.com or faxed to (312) Please direct any questions to Regina Millison at (312) or millison@cboe.com or to Stan Leimer at (312) or leimer@cboe.com. *** Reprinted from Regulatory Circular RG A Trading Permit Holder may elect to participate in the Market-Maker Trading Permit Sliding Scale set forth below. The following sliding scale will be available for all Market-Maker Trading Permits held by affiliated Trading Permit Holders and TPH organizations that are used for appointments in any options classes other than SPX, VIX, OEX and XEO. Any Market-Maker Trading Permits used for these four classes, whether in whole or in part, are excluded from this sliding scale and will be priced at $6,000/month. To qualify for the rates set forth in Tiers 1 and 2 in the sliding scale, the applicable Trading Permit Holder(s) and/or TPH organization(s) must commit to a specific tier that includes a minimum number of eligible Market-Maker Trading Permits for each calendar year. To do so, a Market- Maker Trading Permit Holder must notify the Registration Services Department by January 25th of each year (or the preceding business day if the 25 th is not a business day) of the Tier of eligible Market-Maker Trading Permits committed to by that Market-Maker Trading Permit Holder for that year. Market- Makers are not obligated to commit to either tier. However, the discounts will apply only to those that do commit to Tier 1 or Tier 2 for the calendar year. Trading Permit Holders that are not eligible for and/or do not commit to Tier 1 or Tier 2 will pay the standard rate for each Market-Maker Trading Permit, regardless of the total number of Market-Maker Trading Permits used. From To Amount per Month per Permit 1 permit 10 permits $6,000 Tier 1 11 permits 20 permits $4,800 Tier 2 21 or more permits $3,000 January 21, 2011 Volume RG22, Number 3 2

12 If a Trading Permit Holder chooses to commit to either Tier 1 or Tier 2, that Trading Permit Holder will be responsible for the minimum number of permits in the commitment tier for the remainder of the calendar year. Even if a Trading Permit Holder does not maintain the minimum level of eligible Trading Permits in the tier, that Trading Permit Holder is still responsible for the minimum payment for that commitment tier for the remainder of the calendar year. For example, a Trading Permit Holder that commits to eleven eligible permits per month will be subject to a minimum monthly access fee of $64,800 (10 x $6,000 plus $4,800 = $64,800) for that calendar year. Any additional Permits will increase the fee by the applicable amount. Trading Permit Holders will be able to commit to a higher tier of the sliding scale for the remainder of a calendar year, during a commitment year, if the Trading Permit Holder obtains enough eligible Market- Maker Trading Permits and provides written notification to the Registration Services Department by the 25 th day of the month preceding the month in which the higher tier will be effective (or the preceding business day if the 25 th is not a business day). For example, a Trading Permit Holder may provide written notice to commit to Tier 1 effective July 1 for the remainder of the calendar year as long as the Trading Permit Holder obtains enough eligible Trading Permits and provides written notice by June 25 th that the Trading Permit Holder would like to participate in the sliding scale starting in July for the remainder of that calendar year. Even if that Trading Permit Holder subsequently falls below the minimum number of eligible Market-Maker Trading Permits (in the committed calendar year), for the committed tier, the Trading Permit Holder will remain responsible for paying for the tier minimum for the remainder of the calendar year. Trading Permit Holders will be responsible to pay for at least the minimum amount of eligible Market- Maker Trading Permits in the committed tier for the calendar year on a monthly basis unless the Trading Permit Holder entirely terminates as a Trading Permit Holder during the year. If a Trading Permit Holder combines, merges, or is acquired during the course of the calendar year, the surviving Trading Permit Holder will maintain responsibility for the committed number of eligible Market-Maker Trading Permits. January 21, 2011 Volume RG22, Number 3 3

13 ELECTION TO PARTICIPATE FOR SIGNED FORM TO OR FAX TO Trading Permit Holder Information Firm Name: Address: Street Address Suite/Unit # Date: City State Zip Contact Name: Last First M.I. Phone: ( ) Address: Trading Permit Tier Election for 2011 Please Indicate by check mark the Tier Election Tier 1 Tier 2 Election and Signature The Trading Permit Holder elects to participate in the Market-Maker Trading Permit Sliding Scale at the Tier level noted above. We understand that upon election we are responsible for the minimum number of permits in the commitment tier for the remainder of the calendar year. Signature: Date: January 21, 2011 Volume RG22, Number 3 4

14 R U L E C H A N G E S PROPOSED RULE CHANGE(S) Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the Act ), and Rule 19b-4 thereunder, the Exchange has filed the following proposed rule change with the Securities and Exchange Commission ( SEC ). Below, any additions to rule text are underlined. Copies of the rule change filing are available at Members may submit written comments to the Legal Division. The effective date of a proposed rule change will be the date of approval by the SEC, unless otherwise noted. SR-CBOE Variance Strips On January 13, 2011, the Exchange filed Rule Change File No. SR-CBOE , which filing proposes to adopt rules to allow for trading of variance strips. Any questions regarding the rule change may be directed to Angelo Evangelou, Legal Division, at The rule text is shown below and the rule filing is available at Rule 6.53B Variance Strip Trade Process (a) General. The Exchange may allow for trading, via a single transaction, of an option portfolio replicating S&P 500 implied variance ( variance strip trades ). The Exchange will determine the days on which variance strip trades will be allowed. Matched variance strip trades will be deconstructed into individual constituent SPX option series trades that comprise the portfolio. The Exchange will make publicly available a detailed description of the formulas and methodology used to deconstruct variance strip trades into constituent SPX option series. For each day in which variance strip trading is allowed, the Exchange will publish, after the close of trading on the previous day, the options comprising the portfolio for the next day. The options comprising the portfolio are out-of-the-money SPX puts and calls centered around an at-themoney strike price; all constituent options have the same expiration date. Each variance strip portfolio will have a unique symbol. No puts will be listed. Market orders will not be allowed. Variance strips may only trade electronically. (b) Pricing Convention and Order Information. Market prices for variance strips will be expressed and quoted in volatility terms, and trade quantity will be expressed in contracts. Each contract will have a multiplier of $50,000, or some other value as determined and published by the Exchange. (c) Order Execution. Variance strip orders shall be ranked pursuant to one of the matching algorithms set forth in Rule 6.45A, as determined by the Exchange. Once a variance strip match is received by the System, it will deconstruct the match into individual trades in constituent SPX option series. The process used to deconstruct variance strip trades into constituent SPX option legs involves 2-steps. The first step assigns the number of contracts traded for each SPX option series. The number of SPX contracts is a function of the variance strip trade price and trade quantity, as well as time to expiration, interest rates and the strike prices of constituent SPX option legs. The second step assigns trade prices for each SPX option in the variance strip. The System first constructs a baseline implied volatility for each constituent SPX option based on mid-quote prices prevailing at the time of the variance strip trade execution. January 21, 2011 Volume RG22, Number 3 5

15 All of the implied volatilities of the constituent SPX options are then increased or decreased by an equal amount such that when the resulting theoretical option prices are fed back into the VIX formula, the formula value matches the variance strip trade price. Once trade prices are determined for each constituent series, the System executes and reports the trades. The execution prices are unrelated to the existing market for the applicable series, therefore constituent trades are executed and reported without regard for existing bids and offers on the Exchange. January 21, 2011 Volume RG22, Number 3 6

16 ARBITRATION AWARDS Pursuant to Exchange Rule 18.31, Arbitration Awards, for claims filed after September 1, 1989, are publicly available, provided that the name of a public customer will be withheld upon the written request of the customer. Upon written request, copies of Awards are available from the Arbitration Department. Summaries of all Awards are published in the Regulatory Bulletin. In addition, all Awards are provided to the Securities Arbitration Commentator. Awards involving public customers are reported to the Central Registration Depository (CRD). Questions regarding arbitration may be directed to the Arbitration Department at or Case Name: Case Number: MF Global, Inc. v. Michael Lohman 09M002 Date Received: October 28, 2009 Summary of Issues: Unpaid Brokerage Relief Requested: $128, ***** Award on Claim: $128, Award Issued: October 26, 2010 January 21, 2011 Volume RG22, Number 3 7