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Pit Stops:
Now Behave Yourself |
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The chaos you see in the trading pit is regulated. You can get a ticket. These are rules taken from the CBOT rule book. |
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Any member or individual with floor access privileges who has received a Pit Committee ticket for decorum offense of disorderly conduct, intentional physical abuse, sexual harassment, and/or use of profane or obscene language and during the same session, engages in a further rule or regulation violation relating to disorderly conduct, intentional physical abuse, sexual harassment, and/or use of profane or obscene language may, in addition to other sanctions (including but not limited to fines, suspensions, and expulsions imposed by the Association, pursuant to the rules and regulations), be immediately and summarily removed from the exchange trading floor and denied trading floor access for the remainder of the trading session, pursuant to the following procedures: |
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a. Certification by a chairman of the Pit Committee (or in the chairman's absence, by a vice-chairman of the Pit Committee) that the individual has continued to engage in disorderly conduct, intentional physical abuse, sexual harassment, and/or use of profane or obscene language after having previously received a Pit Committee ticket for the same offense in the same trading session. |
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b. Approval of such summary action by a member of the Floor Governors Committee and a member of the Board of Directors or by two members of the Board of Directors, provided that no individual granting such approval shall have been in the altercation. |
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Additionally, should the first such offense be of such a serious nature, the individual may be denied trading floor access for the duration of the trading session pursuant to that above procedure. (03/01/97) |
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