NOTICE OF DISCIPLINARY ACTION

NON-MEMBER:

YUANBO YU

COMEX RULE VIOLATION: 432.G. GENERAL OFFENSES (in part)

It shall be an offense:

G. To prearrange the execution of transactions in Exchange products for the purpose of transferring equity between accounts.

FINDINGS:

Pursuant to an offer of settlement in which Yuanbo Yu neither admitted nor denied the rule violation upon which the penalty is based, on May 17, 2022, a Panel of the COMEX Business Conduct Committee (“Panel”) found that, between December 3, 2020, and December 18, 2020, Yu prearranged the execution of round-turn transactions in various options on Copper futures between Yu’s personal account and his employer’s account for the purpose of transferring equity to his personal account.

The Panel concluded that Yu thereby violated COMEX Rule 432.G.

PENALTY:

In accordance with the settlement offer, the Panel ordered Yuanbo Yu to pay a fine in the amount of $50,000 ($25,000 of which is allocated to COMEX 21-1409-BC and $25,000 of which is allocated to NYMEX 21-1409-BC), disgorge profits in the amount of $4,550 ($2,730 of which is allocated to COMEX 21-1409-BC and $1,820 of which is allocated to NYMEX 21-1409-BC) and serve a 30 business day suspension 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.