NOTICE OF DISCIPLINARY ACTION

NON-MEMBER:

Katalin Vig

EXCHANGE RULE VIOLATION: 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 June 26, 2019, a Panel of the Commodity Exchange (“COMEX”) Probable Cause Committee (“PCC”) charged non-member Katalin Vig (“Katalin”) with violating Exchange Rule 432.L.1. for failing to appear for a scheduled staff interview related to trading activity in the Copper and Gold futures markets.

On September 25, 2019, a Hearing Panel Chair of the Commodity Exchange Business Conduct Committee (“BCC”) entered an order finding that Katalin failed to answer the charges issued against her. In failing to answer the charges, the Hearing Panel Chair further ordered that Katalin was deemed to have admitted the charges issued and waived her right to a hearing on the merits of the charges.

Pursuant to Exchange Rule 407.C., a penalty hearing was held before a Panel of the BCC (“Panel”) on October 23, 2019. The Panel found Katalin guilty of committing the admitted charges.

PENALTY:

Based on the record and the Panel’s findings and conclusions, the Panel permanently barred Katalin from access to any trading floor owned or controlled by CME Group and from direct and indirect access to any designated contract market, derivatives clearing organization or swap execution facility owned or controlled by CME Group.