Pursuant to an offer of settlement that ICAP Corporates LLC presented at a hearing on December 10, 2020, in which ICAP Corp. neither admitted nor denied the rule violations upon which the penalty is based, a Panel of the NYMEX Business Conduct Committee found that between April 2019 and December 2019 and April 2020 and June 2020, ICAP Corp. executed numerous block trades for customers in various NYMEX Energy futures contracts, consisting primarily of natural gas products, that ICAP Corp. failed to report to the Exchange within the required time period following execution. ICAP Corp also failed to report accurate trade details for these block trades to the Exchange. In addition, the Panel also found that, during these time frames, ICAP Corp. failed to diligently supervise the execution of block trades by its employees to enable compliance with Exchange block trade reporting requirements.