The CME Group of the International Derivatives has issued a notice of disciplinary action against Mitchell Levine.
According to a settlement offer, in which Mitchell Levine did not admit or denied the rules of the rules or the actual findings on which the sentence is based on May 21, 2025, a group of customers for customer accounts for Unturadity, without the knowledge or permission of customers.
Levine has influenced these changes to transfer trading losses from the customer’s personal account to a corporate account that the customer is partially belongs. As a result, the corporate account showed losses of $ 1,983,749.50.
The panel also found that Levine failed to appear for a planned staff interview with regard to research.
The table concluded that Levine thus violated COMEX 432 rules. B.1, 432.b.2, 432.C., and 432.L.1.
According to the settlement offer, the Commission ordered Levine to pay a fine of $ 100,000. The Commission also permanently prevents Levine from having a business relationship with, employing or having a financial or beneficial interest in a member or stock market. The team also permanently suspended Levine from access to any commercial floor owned or controlled by the CME Group and by direct and indirect access to any specified contract market, derivative clearing or exchange installation owned by the CME Group.
In addition, the group was permanently excluded from: (1) negotiation on a discreet basis for or on behalf of any person or entity, either by attorney or otherwise;
The date of entry into force of the notice is May 23, 2025.