NOTICE OF DISCIPLINARY ACTION

NON-MEMBER:

WEIHAO HUANG

EXCHANGE RULE: Rule 575.A. (DISRUPTIVE PRACTICES PROHIBITED)

All orders must be entered for the purpose of executing bona fide transactions. Additionally, all non-actionable messages must be entered in good faith for legitimate purposes.

A. No person shall enter or cause to be entered an order with the intent, at the time of order entry, to cancel the order before execution or to modify the order to avoid execution.

FINDINGS:

Pursuant to an offer of settlement Weihao Huang (“Huang”) presented at a hearing on June 12, 2018, in which Huang neither admitted nor denied the rule violation upon which the penalty is based, a Panel of the COMEX Business Conduct Committee (“BCC”) found that on multiple dates in July 2016, Huang engaged in a trading strategy that consisted of entering and cancelling orders in the Copper, Silver and Gold futures markets without the intent to trade. Specifically, Huang entered larger orders on one side of the market in order to obtain fills on his smaller orders on the opposite side of the market. Once the smaller orders traded, Huang cancelled the larger orders within seconds. As a result of this conduct, Huang realized profits in the amount of $6,447.10.

The Panel found that as a result of the above, Huang violated Exchange Rule 575.A.

PENALTY:

In accordance with the settlement offer, the Panel ordered Huang to: 1) pay a $25,000 fine; and 2) serve a twenty (20) business day suspension of any access to any CME Group Inc. trading floor and of direct and indirect access to all electronic trading and clearing platforms owned or controlled by CME Group Inc., including CME Globex; and 3) disgorge profits in the amount of $6,447.10. The suspension shall run from June 14, 2018 through July 12, 2018, inclusive.