NOTICE OF DISCIPLINARY ACTION

NON-MEMBER:

Jeffrey Soberman Parket

CME RULE VIOLATIONS:

Rule 534 Wash Trades Prohibited

No person shall place or accept buy and sell orders in the same product and expiration month, and, for a put or call option, the same strike price, where the person knows or reasonably should know that the purpose of the orders is to avoid taking a bona fide market position exposed to market risk (transactions commonly known or referred to as wash sales). Buy and sell orders for different accounts with common beneficial ownership that are entered with the intent to negate market risk or price competition shall also be deemed to violate the prohibition on wash trades. Additionally, no person shall knowingly execute or accommodate the execution of such orders by direct or indirect means.

FINDINGS:

Pursuant to an offer of settlement in which Jeffrey Soberman Parket neither admitted nor denied the rule violation or factual findings upon which the penalty is based, on May 17, 2023, a Panel of the Chicago Mercantile Exchange (“CME”) Business Conduct Committee (“Panel”) found that on multiple dates from January 31, 2020, through December 21, 2020, Parket entered buy and sell orders in the same products and expiration months, where he reasonably should have known that the entry of the orders would not result in a bona fide market position exposed to market risk in E-Mini S&P Weekly and End-of-Month options on futures. The Panel concluded that Parket violated CME Rule 534.

PENALTY:

In accordance with the settlement offer, the Panel ordered Parket to: 1) pay a $25,000 fine; and 2) serve a 10-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. The suspension shall begin on the effective date below and continue for 10-business-days after the fine is paid in full.

EFFECTIVE DATE:

May 19, 2023