NOTICE OF DISCIPLINARY

NON-MEMBER:

PHUONG LE

CME RULE VIOLATIONS:

RULE 432. GENERAL OFFENSES (in part)
CME

It shall be an offense:

C. to engage in dishonest conduct;
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 Phuong Le (“Le”) neither admitted nor denied the rule violations upon which the penalty is based, on February 11, 2016, a Panel of the CME Business Conduct Committee (“Panel”) found that Le was subject to the Panel’s jurisdiction pursuant to Rules 402 and 418, and that during September and October 2014, Le executed multiple round-turn transactions in various E-Mini S&P Options products on the CME Globex electronic platform for the purpose of transferring $127,162.50 from his employer’s account to his personal account. The Panel concluded that in doing so, Le violated Exchange Rules 432.C and 432.G.

PENALTY:

In accordance with the settlement offer, which took into account Le’s financial condition and the fact that he fully reimbursed his employer, the Panel ordered Le to pay a fine in the amount of $5,000 and barred Le from accessing any CME Group Inc. trading floor and from direct and indirect access to all electronic trading and clearing platforms owned or controlled by CME Group Inc. for a period of 2 years, beginning on the effective date below and continuing through and including February 16, 2018.

EFFECTIVE DATE:

February 16, 2016