NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CBOT 11-8039-BC

NON -MEMBER:

Nurhayat de Wit
 

CBOT RULES:

CBOT Rule 432. General Offenses

It shall be an offense:

C. to engage in dishonest conduct

CBOT Rule 539.A. General Prohibition

A. No person shall prearrange or pre-negotiate any purchase or sale or noncompetitively execute any transaction.

FINDINGS:

Between December 7, 2009 and May 2, 2011, Bob de Wit, Nurhayat de Wit’s husband, a trader at ING Bank N.V., executed a total of 110 trades for 19,245 contracts on the CME Globex electronic platform for Nurhayat de Wit’s personal account at Interactive Brokers, LLC, directly opposite an ING Bank account; the purpose being to pass $268,343.75 from ING Bank to Nurhayat de Wit.

PENALTY:

A permanent ban from :
a. Any CME Group exchange membership and privileges;
b. Direct and indirect access and use of any CME Group trading floor, electronic trading or clearing platform owned or operated by any CME Group exchange; and a
c. Affiliation with, employment by, or association with a broker association, guaranteed introducing broker, Member or affiliate of a Member registered with any CME Group exchange, trading platform or clearing platform.

EFFECTIVE DATE:

December 31, 2012