CME 08-03906 -BC
CME RULE VIOLATION:
(Legacy) Rule 432. General Offenses (in part)
It shall be an offense:
B.: to engage in fraud, bad faith or in conduct or proceedings inconsistent with just and equitable principles of trade;
C. to engage in dishonest conduct;
After non-member Vladimir Yakovlev failed to answer the charges issued against him, on April 4, 2012, a Panel of the CME Business Conduct Committee entered a default
finding that between February 2008 and April 2008, Yakovlev executed nine money pass transactions in foreign exchange futures market on CME Globex Platform in order
to move $11,937.50 from his employer to another’s account. In so doing, Komardinkin violated CME Rules (Legacy) 432.B. and 432.C.
Based on the record and the Panel’s findings and conclusions, the Panel issued the following sanctions against Vladamir Yakovlev :
A permanent bar to:
a. Any CME Group Exchange membership and its’ privileges;
b. Direct or indirect access and use of any CME Group trading floor, electronic trading or clearing platform owned or operated by any CME Group Exchange; and
c. Affiliation with, employment by, or association with a broker association, guaranteed introducing broker, Member or affiliate of a Member registered with any CME
Group exchange, trading platform or clearing platform.
May 8, 2012
 This is the version of CME Rule 432.B. that was in effect at the time of the charged conduct.