The international derivatives market CME Group has published a notice of disciplinary measures against Mohamed Abdelaziz Ali Abdelaziz.
According to a settlement offer in which Abdelaziz neither admitted nor denied the rule violations or the factual findings on which the penalty is based, a New York Stock Exchange (“NYMEX”) Business Conduct Committee found that from April 17, 2024 to April 19, 2024, Abdelaziz identified the Saudi trading company Arabia. executing multiple pivot trades in April 2025 and May 2025 Brent Crude Oil Last Day financial futures between Abdelaziz’s personal account and his employer’s account for the purpose of transferring equity to his personal account.
The panel also found that Abdelaziz used a unique operator ID different from his own to enter orders.
The Commission concluded that Abdelaziz violated NYMEX Rule 432.G. and 576.
Under the settlement offer, the commission ordered Abdelaziz to pay a $40,000 fine and $2,620 in restitution.
The commission also suspended Abdelaziz for one year from direct access to any trading venue owned or controlled by the CME Group and from direct and indirect access to any specified contracts market,
derivatives clearing house or swap execution facility owned or controlled by the CME Group beginning on the trade date of October 16, 2025 and continuing for one year from the date on which the ordered penalty and restitution are paid in full.