NOTICE OF DISCIPLINARY ACTION

NON-MEMBER:

DAGUO WANG

RULE VIOLATION: EXCHANGE RULE 432. GENERAL OFFENSES (IN PART)

It shall be an offense:

L. 1. To fail to appear before the Board, Exchange staff or any investigative or hearing committee at a duly convened hearing, scheduled staff interview or in connection with any investigation;

FINDINGS:

On December 5, 2018, a Panel of the New York Mercantile Exchange (“NYMEX”) Probable Cause Committee charged DaGuo Wang (“DaGuo”) with violating Exchange Rule 432.L.1. based on allegations that DaGuo failed to appear before Exchange staff for a scheduled interview.

On January 24, 2019, a Hearing Panel Chair of the NYMEX Business Conduct Committee (“BCC”) entered an order finding that DaGuo failed to answer the charge against him. The Hearing Panel Chair further ordered that DaGuo was deemed to have admitted the charges issued and waived his right to a hearing on the merits of the charges.

On February 13, 2019, a penalty hearing was held before a panel of the NYMEX BCC (“BCC Panel”) which found that DaGuo had committed the violation charged.

PENALTY:

In accordance with Exchange Rule 402.B (Sanctions), the BCC Panel ordered DaGuo to be permanently banned from (a) applying for Membership at any CME Group exchange; (b) direct or indirect access to any trading or clearing platform owned or controlled by the CME Group, Inc.; and (c) access to any trading floor owned or operated by any CME Group, Inc. exchange.