International CME team by international derivatives has published a Disciplinary Action Notice against Kin Chung Lam.
According to a settlement offer, in which Kin Chung Lam did not admit or denied the rules or the actual findings on which the penalty is based on various transactions on May 7, 2025, a committee of the COMEX Business Behavior Committee
Specifically, Lam dealt with a transaction standard in which he entered an order before entering a passive mandate that corresponded to one of the months of the provision. Lam then introduced an aggressive order, which corresponded to the next month of the contract of the original expansion order and led to implied transactions between the order and the orders for the same transaction account.
The table found that Lam was aware of or reasonably should be aware that the purpose of the orders was to avoid taking a good market position that is at risk of buying.
The panel found that as a result of the aforementioned, Lam violated the 534 COMEX rule.
According to the settlement offer, the Commission ordered LAM to pay a fine of $ 50,000 and to serve a suspension of 15 companies from access to any commercial floor owned or controlled by the CME Group and direct and indirect access to any specified contracts, the settlement of the CME or CME.
The suspension will take place until the date of the trade on May 30, 2025.