NOTICE OF DISCIPLINARY ACTION

FILE NO.:

CME 12-8866-BC

NON-MEMBER:

YEOW YEW BOON (“DERRICK YEOW”)

CME RULE VIOLATION:

432 GENERAL OFFENSES (in part)

It shall be an offense:

G. to prearrange the execution of transaction in Exchange products for the purpose of transferring equity between accounts.

FINDINGS:

Pursuant to an offer of settlement in which Yeow Yew Boon (“Yeow”) neither admitted nor denied the rule violations upon which the penalty is based, and after voluntarily submitting himself to the jurisdiction of the Exchange for purposes of resolving the matter, on November 25, 2013, a Panel of the CME Business Conduct Committee found that between February 14, 2012, and August 6, 2012, Yeow prearranged the execution of numerous round turn transactions in Foreign Exchange options on futures contracts on the CME Globex electronic platform opposite another non-member’s accounts for the purpose of transferring funds from the non-member’s accounts. The Panel concluded that Yeow thereby violated CME Rule 432.G.

 

PENALTY:

In accordance with the settlement offer, the Panel barred Yeow from accessing any CME Group Inc. trading floor, and direct and indirect access to all electronic trading and clearing platforms owned or controlled by CME Group Inc. for seven years, beginning on the effective date below and continuing through and including November 27, 2020.

EFFECTIVE DATE:

November 27, 2013