International derivatives marketplace CME Group has published a notice of disciplinary action against Xiangzhi Yu.

Pursuant to an offer of settlement in which Xiangzhi Yu neither admitted nor denied the rule violations or factual findings upon which the penalty is based, a Panel of the Chicago Mercantile Exchange (CME) Business Conduct Committee found that on February 8, 2023, Yu prearranged

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 the purpose of transferring equity to his personal account.

Further, the Panel found that Yu made false statements to Exchange staff in response to various information requests.

The Panel thereby concluded that Yu violated CME Rules 432.G. and 432.L.2.

In accordance with the settlement offer, the Panel ordered Yu to pay a $55,000 fine. The Panel also suspended Yu for two months from direct access to any trading floor owned or controlled by CME Group and from direct and indirect access to any designated contract market, derivatives clearing organization, or swap execution facility owned or controlled by CME Group beginning on the effective date (July 3, 2025) and continuing for two months from the date that the ordered fine is paid in full.