International derivatives’ international CME team published a discipline alert against Xiangzhi Yu.
According to a settlement offer in which Xiangzhi Yu did not admit or denied the rules of the rules or the actual findings on which the penalty is based, a group of the Chicago Mercanile Exchange (CME) Business Behavior Committee (CME)
The execution of a round turn transaction in September E-MINI NASDAQ-100 Futures Market between YU’s personal account and his employer’s account for transferring shares to his personal account.
In addition, the table found that YU made false statements to exchange staff in response to various information requests.
The table thus concluded that YU violated CME 432.G. rules. and 432.l.2.
According to the settlement offer, the team ordered the YU to pay a fine of $ 55,000. The panel also suspended the YU for two months from direct access to any commercial floor owned or controlled by the CME Group and by direct and indirect access to any specified contract market, the liquidation order of the derivatives was fully paid.