NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CME 08-03906 -BC

NON-MEMBER:

Sergey Komardinkin

CME RULE VIOLATION:

(Legacy) Rule 432. General Offenses (in part)

It shall be an offense:

B. to engage in fraud, bad faith or in conduct or proceedings inconsistent with just and equitable principles of trade;

C. to engage in dishonest conduct;

FINDINGS:

After non-member Sergey Komardinkin failed to answer the charges issued against him, on April 4, 2012, a Panel of the CME Business Conduct Committee (“Panel”) entered a default finding that between February 2008 and April 2008, Komardinkin received $11,937.50 in his personal account from money pass transactions executed by another in foreign exchange futures market on CME Globex Platform. In so doing, Komardinkin violated CME Rules (Legacy) 432.B. and 432.C.

PENALTY:

Based on the record and the Panel’s findings and conclusions, the Panel issued the following sanctions against Sergey Komardinkin :

A permanent bar to:
a. Any CME Group Exchange membership and its’ privileges;
b. Direct or indirect access and use of any CME Group trading floor, electronic trading or clearing platform owned or operated by any CME Group Exchange; and
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: 

 May 8, 2012 

This is the version of CME Rule 432.B. that was in effect at the time of the charged conduct.