InspectCode Ignores "--no-buildin-settings" flag

I have a very simple ".dotsettings" file, it has a singe rule:

<wpf:ResourceDictionary xml:space="preserve" xmlns:x="http://schemas.microsoft.com/winfx/2006/xaml" xmlns:s="clr-namespace:System;assembly=mscorlib" xmlns:ss="urn:shemas-jetbrains-com:settings-storage-xaml" xmlns:wpf="http://schemas.microsoft.com/winfx/2006/xaml/presentation">
<s:String x:Key="/Default/CodeInspection/Highlighting/InspectionSeverities/=RedundantEmptyFinallyBlock/@EntryIndexedValue">ERROR</s:String>
</wpf:ResourceDictionary>

I would like to use inspectcode.exe to inspect a solution and apply only the rules in the dotsettings file.

I'm running the command:

C:\Tools\JetBrains.ReSharper.CommandLineTools.2016.2.20160913.100041\inspectcode.exe --profile:c:\code\standards.dotsettings --no-buildin-settings -o:result.xml C:\Code\Admin\Admin.sln

The console output starts:

JetBrains Inspect Code 2016.2.2
Running in 64-bit mode, .NET runtime 4.0.30319.42000 under Microsoft Windows NT 6.2.9200.0
Custom settings layer is mounted. Used file c:\code\standards.dotsettings
Analyzing files
Analyzing .gitignore

The result.xml contains multiple <IssueTypes>, given that my custom dotsettingsfile only has a single code inspection I was expecting to only see one type of failure.

Am I miss using the tool, or does it not support this behavior?

Thanks