NOTICE OF DISCIPLINARY ACTION

MEMBER:

Brett Simons

CME RULE VIOLATION:

Rule 432. General Offenses

It shall be an offense:

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 Brett Simons (“Simons”) neither admitted nor denied the rule violation upon which the penalty is based, on October 20, 2015, a Panel of the Chicago Mercantile Exchange (“CME”) Business Conduct Committee (“BCC” or “Panel”) found that it had jurisdiction over Simons pursuant to CME Rules 400 and 402 as the conduct occurred while Simons was a CME member. The Panel further found that on several occasions in December 2013, Simons executed numerous round turn transactions in the Live Cattle futures market for the purpose of transferring funds between two accounts. The Panel found that Simons thereby violated CME Rule 432.G.

PENALTY:

In accordance with the settlement offer, the Panel ordered Simons to pay a fine in the amount of $15,000 and serve a 15 business day suspension 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., including CME Globex. The suspension shall run from October 22, 2015, through November 11, 2015, inclusive.

EFFECTIVE DATE:

October 22, 2015