Cargill Uruguay Sociedad Anonima, a non-member, agreed to pay a fine of US $25,000 to resolve a disciplinary action brought by the Chicago Board of Trade that it engaged in an impermissible wash sale and exchange of futures for physical transaction. According to CBOT, on May 16, 2016, Cargill executed an EFP involving soybean futures without a related cash position in order to transfer futures from one firm account to another. In resolving this matter, Cargill did not admit or deny any rule violation.