NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CBOT 11-8445-BC

NON -MEMBER:

Kamal Kasera

CME RULES:

CBOT Rule 432. General Offenses

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 Kamal Kasera neither admitted nor denied the rule violation upon which the penalty is based, on April 24, 2013, a Panel of the CBOT Business Conduct Committee found that on June 20 and 28, 2011, Kamal Kasera engaged in a series of round-turn transactions on the CME Globex electronic trading platform which resulted in the transferring of equity between accounts. In so doing, the Panel found that Kamal Kasera violated CME Rule 432.G.

PENALTY:

In accordance with the settlement offer, the Panel ordered Kamal Kasera to pay a fine in the amount of $35,000 and suspended his indirect or direct access to any electronic trading or clearing platform owned or controlled by CME Group, Inc. for five business days.

EFFECTIVE DATE:

April 26, 2013