NOTICE OF DISCIPLINARY ACTION

MEMBER:

A. John Yavari

CBOT RULE VIOLATION:

Rule 521 (“Trading Practices”)(in part)

In open outcry trading, bidding and offering practices must at all times be conducive to the competitive execution of transactions. All open outcry transactions, including spread and combination transactions, shall be made openly and competitively in the pit designated for the trading of the particular transaction. No bid or offer shall be specified for acceptance by a particular trader. Transactions may take place only at the best price available in the open outcry market at the time the trade occurs.

FINDINGS:

Pursuant to an offer of settlement in which A. John Yavari (“Yavari”) neither admitted nor denied the rule violation upon which the penalty is based, on March 19, 2015, a Panel of the Chicago Board of Trade (“CBOT”) Business Conduct Committee (“Panel”) found that it had jurisdiction over Yavari pursuant to Rules 400 and 402 as the conduct occurred while Yavari was a CBOT member, and that on one or more occasion during October 2010, Yavari did not openly and competitively bid or offer for trades made for his personal account in the Corn futures pit. Yavari realized $787.50 in profits as a result of the trades. The Panel concluded that Yavari thereby violated CBOT Rule 521.

PENALTY:

In accordance with the settlement offer, the Panel ordered Yavari to pay a fine of $10,000 and disgorgement of $787.50. The Panel also suspended Yavari for a period beginning on the effective date lasting five business days from accessing all CME Group Inc. trading floors and indirect and direct access to all electronic trading and clearing platforms owned or controlled by CME Group Inc. The suspension shall run from March 23, 2015, through and including March 27, 2015.

EFFECTIVE DATE:

March 23, 2015