• NOTICE OF DISCIPLINARY ACTION

      • #
      • CME 08-03906-BC
      • Effective Date
      • 08 May 2012
    • FILE NO.:                             
      CME 08-03906 -BC
       
       
      NON-MEMBER:                               
      Vladimir Yakovlev 
       
       
      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;[1]
       
      C.            to engage in dishonest conduct;
       
       
      FINDINGS:                         
      After non-member Vladimir Yakovlev failed to answer the charges issued against him, on April 4, 2012, a Panel of the CME Business Conduct Committee entered a default
      finding that between February 2008 and April 2008, Yakovlev executed nine money pass transactions in foreign exchange futures market on CME Globex Platform in order
      to move $11,937.50 from his employer to another’s account. 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 Vladamir Yakovlev :
       
      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
      [1] This is the version of CME Rule 432.B. that was in effect at the time of the charged conduct.

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